Covance Inc

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    Healthcare

    Market overview for CROs suggest healthy growth for ICON

    Market Overview Growth Drivers Appear Secular, Not Cyclical In general, CRO revenue growth is driven by three market-wide factors.  First, as providers of clinical trials services, CROs are directly tied to R&D budgets among biopharmaceutical clients.  Overall R&D budgets have been growing in the low-single digit range.  Second, the percentage of clinical trials services performed […]

    By Samuel Madden, CFA
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