Charles River Laboratories International Inc (NYSE:CRL)
$ 186.29 0.9 (0.49%) Market Cap: 9.53 Bil Enterprise Value: 12.12 Bil PE Ratio: 23.26 PB Ratio: 2.52 GF Score: 87/100

Charles River Laboratories International Inc at JPMorgan Healthcare Conference Transcript

Jan 14, 2020 / 05:30PM GMT
Release Date Price: $159.61 (+0.32%)
Tycho W. Peterson
JP Morgan Chase & Co, Research Division - Senior Analyst

Okay. We're going to go ahead and get started. I'm Tycho Peterson from the Life Science team. It's my pleasure to introduce Charles River Labs. We'll do a breakout right after in the Olympic room.

With that, let me turn it over to Jim Foster.

James C. Foster
Charles River Laboratories International, Inc. - Chairman, CEO & President

Thanks, Tycho. Good morning. Always a pleasure to be here. The safe harbor, Reg G and quiet period statements. So we are the leading nonclinical CRO. Just a few stats. We worked on 85% of the drugs that were approved last year. We're very proud of that. Our revenues have doubled. In the last 5 years. We are -- sort of total collective marketplace is north of $15 billion and growing nicely, so we have a long runway. Our growth rate is in the high single digits these days. We -- our Early Discovery business has worked on 80 novel compounds for our clients. So we've done target identification for 80 compounds, we're quite proud of that.

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