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Charles River Strikes Back In China With Research Models Business

 
• By Jialing Dai

After reassessing its China strategy, Charles River makes a new push by acquiring Vital River, the largest supplier of laboratory animals in China.

SHANGHAI – In an effort to reverse its fortunes in China, the global preclinical CRO Charles River Laboratories International Inc. has reached an agreement to acquire a 75% stake in licensee Vital River Laboratory Animal Technology Co. Ltd. for $27 million.

Vital River, based in Beijing, is the largest supplier of laboratory animals in China. It was founded in 1999 and...

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