Covance Microbiology Laboratory Receives ISO Accreditation
Laboratory recognized for meeting highest international regulatory, safety standards
Princeton, N.J, January 10, 2012 - Covance Inc.(NYSE: CVD), a market leader in nutritional testing and food safety, announced today that the International Organization for Standardization (ISO) awarded full 17025 accreditation to its new microbiology laboratory in Madison, Wis. Covance acquired the laboratory from TRAC Microbiology in September 2011.
Granted by the American Association for Laboratory Accreditation, ISO accreditation confirms compliance with AOAC INTERNATIONAL guidelines for laboratories performing microbiological and chemical analyses of food and pharmaceuticals.
"This accreditation is a clear indication of Covance's growing capabilities in providing leading microbiology services that meet or exceed industry standards of testing and quality," said Marlo Vasquez, Vice President and General Manager, Covance Nutritional Chemistry and Food Safety. "Our team is well known for its dedication to ensuring the safety of our clients' products. This accreditation represents the fourth Covance nutritional chemistry and food safety laboratory site to earn ISO accreditation and further demonstrates our commitment to excellence in operations and client service."
This milestone follows successful ISO 17025 accreditation of the company's laboratories in Battle Creek, Mich. (2011), Madison, Wis. (2009) and Singapore (2008). With nutritional testing services dating back more than 75 years, Covance plays a leading role in the design of testing programs required for nutrition facts labeling regulations and scientific standards.
About Covance
Covance, with headquarters in Princeton, New Jersey, is one
of the world's largest and most comprehensive drug
development services and food testing companies with annual
revenues greater than $2 billion, global operations in more
than 30 countries, and more than 11,000 employees
worldwide. Information on Covance's products and services,
recent press releases, and SEC filings can be obtained
through its website at .
Statements contained in this press release, which are
not historical facts, such as statements about prospective
earnings, savings, revenue, operations, revenue and
earnings growth and other financial results are
forward-looking statements pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act
of 1995. All such forward-looking statements including the
statements contained herein regarding anticipated trends in
the Company's business are based largely on
management's expectations and are subject to and
qualified by risks and uncertainties that could cause
actual results to differ materially from those expressed or
implied by such statements. These risks and uncertainties
include, without limitation, competitive factors,
outsourcing trends in the pharmaceutical industry, levels
of industry research and development spending, the
Company's ability to continue to attract and retain
qualified personnel, the fixed price nature of contracts or
the loss or delay of large studies, risks associated with
acquisitions and investments, the Company's ability to
increase order volume, the pace of translation of orders
into revenue in late-stage development services, testing
mix and geographic mix of kit receipts in central
laboratories, fluctuations in currency exchange rates, and
other factors described in the Company's filings with
the Securities and Exchange Commission including its Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q. The
Company undertakes no duty to update any forward looking
statement to conform the statement to actual results or
changes in the Company's expectations.
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