CIT Safety & Health Research Lab has acquired the assets of LAB Research Inc.
CIT Safety & Health Research Laboratories (CIT) has acquired all the assets of LAB Research Inc.
CIT is part of the holding company Applied Biology Company (ABC). Through this acquisition, the newly created CIT-LAB group becomes one of the top five preclinical CROs. CIT is an established player in the field of preclinical contract research with more than forty years of experience.
LAB Research is a Canadian global non-clinical contract research organization that provides contract research services to the pharmaceutical, biotechnology, agro-chemical, petrochemical and industrial markets. LAB Research supports the development of its customers' products from three state-of-the-art facilities located in Canada, Denmark and Hungary.
Oaklins' team in Canada advised the buyer in this transaction.
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