About Covance
Covance is a company based in Princeton (United States) founded in 1996 was acquired by Pyxant in May 2021.. Covance has completed 5 acquisitions, including GlobalCare Clinical Trials, PMI Preclinical and Rcri. Covance offers products and services including Central Lab Services, Nonclinical Studies, and Bioanalytical Services. Covance operates in a competitive market with competitors including Charles River Laboratories, Cytel, LabCorp, Precision Medicine Group and Frontage Laboratories, among others.
- Headquarter Princeton, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$304.41 K (USD), Grant
Mar 01, 2021
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Investors
LabCorp
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
GlobalCare Clinical Trials
& 4 more
- Acquired by
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Products & Services of Covance
Covance offers a comprehensive portfolio of products and services, including Central Lab Services, Nonclinical Studies, and Bioanalytical Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides testing for clinical trials and drug development processes.
Conducts toxicology and pharmacology for biopharma research.
Offers biomarker and genomics analysis for therapeutic development.
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Software Development Team
172 people
Leadership Team
143 people
Sales and Marketing
52 people
Product Management Team
38 people
Human Resources and Administration
36 people
Operations Team
33 people
Data Analysis and Operations Team
32 people
Senior Team
29 people
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Funding Insights of Covance
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $304,415
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First Round
First Round
(01 Nov 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Grant - Covance | Valuation |
investors |
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| Nov, 2013 | Amount | Debt – Venture - Covance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Covance
Covance has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include LabCorp, European Union and Pyxant. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Provider of laboratory tests for physicians
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Founded Year | Domain | Location | |
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GLP bioanalytical services for drug development are provided by Pyxant.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Covance
Covance has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include GlobalCare Clinical Trials, PMI Preclinical and Rcri. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Clinical site management, patient recruitment, and retention services are provided.
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2010 | ||||
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A provider of strategic consulting and integrated clinical trial services to the medical device industry
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2009 | ||||
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Scientific process outsourcing is delivered for life sciences firms.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Covance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Covance Comparisons
Competitors of Covance
Covance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Charles River Laboratories, Cytel, LabCorp, Precision Medicine Group and Frontage Laboratories, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of drug discovery and preclinical development services
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| domain | founded_year | HQ Location |
Data analysis and statistical solutions are provided for life sciences.
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| domain | founded_year | HQ Location |
Provider of laboratory tests for physicians
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| domain | founded_year | HQ Location |
Provider of clinical research, development, and commercialization services for life sciences
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| domain | founded_year | HQ Location |
Early drug development services are provided for pharma firms.
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| domain | founded_year | HQ Location |
Company offering specialised R&D and clinical development services for the development of precision medicine based drugs and devices
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Covance
Frequently Asked Questions about Covance
When was Covance founded?
Covance was founded in 1996 and raised its 1st funding round 17 years after it was founded.
Where is Covance located?
Covance is headquartered in Princeton, United States. It is registered at Princeton, New Jersey, United States.
What does Covance do?
Covance was founded in 1996 in Princeton, United States, as a global contract research organization in the pharmaceutical sector. Services encompass drug discovery, lead optimization, analytical and safety assessments, clinical development, testing, manufacturing support, informatics, and health economics. Operations cover small molecules and biologics across therapeutic areas including cardiovascular diseases, oncology, and infectious diseases. The company was acquired by LabCorp in 2015.
Who are the top competitors of Covance?
Covance's top competitors include LabCorp, Charles River Laboratories and Cytel.
What products or services does Covance offer?
Covance offers Central Lab Services, Nonclinical Studies, and Bioanalytical Services.
How many acquisitions has Covance made?
Covance has made 5 acquisitions, including GlobalCare Clinical Trials, PMI Preclinical, and Rcri.
Who are Covance's investors?
Covance has 3 investors. Key investors include LabCorp, European Union, and Pyxant.