The Jackson Laboratory, the nonprofit biomedical research institution based in Bar Harbor, has acquired a Japan-based research subsidiary of Charles River Laboratories International Inc. (NYSE: CRL) for $63 million in cash.
The deal, announced late Tuesday in a pair of news releases, is for Charles River’s Research Models and Services business, which last year had revenues of $46 million and provides animal models for drug discovery work in the Japan market. The operations there include 250 employees and production sites in Atsugi, Hino, Tsukuba, as well as an administrative office in Yokohama. The new subsidiary will be called the Jackson Laboratory Japan. Read more