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Company Profiles: Revenue, Growth, Competition

LABCORP DRUG DEVELOPMENT Revenue, Growth & Competitor Profile

DBA COVANCE INC
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Company Profile & Annual Report for Labcorp Drug Development

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Labcorp Drug Development Fast Facts

RevenueOver $500 million    See Exact Annual Revenue
EmployeesOver 1,000Exact Company Size
Primary Industry5417 Scientific Research & Development Services
Additional NAICS Codes541611 Administrative Management & General Management Consulting Services
Address531 South Spring Street
Burlington, NC 27215

covance.com
Note: Revenues for privately held companies are statistical evaluations.


Labcorp Drug Development's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. It is classified as operating in the Scientific Research & Development Services industry.


Labcorp Drug Development's Annual Report & Profile shows critical firmographic facts:
  • What is the company's size? (Annual sales and employees)
  • What industry is the company in?

Labcorp Drug Development Annual Revenue and Growth Rate

Labcorp Drug Development Revenue Est.
($ Million)
Growth Rate (%)# Employees
2021 Details in Premium Report
2020
2019
2018
2017


1-Year Growth Rate:
3-Year Growth Rate (CAGR):
Premium Report

Note: Labcorp Drug Development's revenues are gauged from an analysis of company filings.



Labcorp Drug Development's Income Statement (based on Industry Averages)

$ Millions
(Industry Average)
Labcorp Drug Development Revenue (Sales) Labcorp Drug Development Premium Report
Cost of Goods Sold
Gross Profit

Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit
 


Trademark Applications

Trademark applications show the products and services that Labcorp Drug Development is developing and marketing. Labcorp Drug Development doesn't have any recent trademark applications, indicating Labcorp Drug Development is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark Date
BITGENOME
Downloadable Computer software for encryption of human biomedical research, genomic information, and bioinformatics; downloadable computer software for encryption of genomic information in the field of clinical trials and clinical trials data; downloadable software for enterprise block chain development and implementation, execution and management of secure data transactions, management of data escrow, and provisioning of shared and distributed clinical trial patient biospecimen records and transactions; downloadable software to record genomic information data to a blockchain or other ledger, and related technology, namely, an apparatus for recording genomic information data to a blockchain or other ledger; downloadable computer software for collection, interpretation, evaluation, auditing, management, processing, tracking and viewing of data in the field of clinical trials; downloadable computer software for data mining, data query, data processing and data analysis; downloadable computer software for use in data mining and analysis, namely, for use in blockchain development and implementation, execution and management of secure data transactions, management of data escrow, and provisioning of shared and/or distributed human biomedical research, genomic information, bioinformatics and biospecimen transactions
10/16/2020
BITSPECIMEN
Downloadable Computer software for encryption of human biomedical research, genomic information, and bioinformatics; downloadable computer software for encryption of genomic information in the field of clinical trials and clinical trials data; downloadable software for enterprise block chain development and implementation, execution and management of secure data transactions, management of data escrow, and provisioning of shared and distributed clinical trial patient biospecimen records and transactions; downloadable software to record genomic information data to a blockchain or other ledger, and related technology, namely, an apparatus for recording genomic information data to a blockchain or other ledger; downloadable computer software for collection, interpretation, evaluation, auditing, management, processing, tracking and viewing of data in the field of clinical trials; downloadable computer software for data mining, data query, data processing and data analysis; downloadable computer software for use in data mining and analysis, namely, for use in blockchain development and implementation, execution and management of secure data transactions, management of data escrow, and provisioning of shared and/or distributed human biomedical research, genomic information, bioinformatics and biospecimen transactions
10/16/2020
PATIENTS CAN'T WAIT. NEITHER CAN WE.
Providing clinical trial recruitment advertisement services, namely, posting of clinical trial notices for the purpose of recruiting patients for participation in clinical trials for the testing of drugs
07/22/2020

See all trademarks and details in the Full Report.


Recession Risk

Determine whether Labcorp Drug Development grew or shrank during the last recession. This is useful in estimating the financial strength and credit risk of the company. Compare how recession-proof Labcorp Drug Development is relative to the industry overall. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last recession estimates its ability to weather future recessions.



U.S. Industry Overview & Market Statistics:
Scientific Research & Development Services

Publisher: AnythingResearch

  • Market Size
  • Growth Rate
  • 5-Year Market Forecast
  • Average Company Size & Growth
  • Salary & Compensation Benchmarks



Market Share of Labcorp Drug Development's Largest Competitors

A competitive analysis shows these companies are in the same general field as Labcorp Drug Development, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company HeadquartersRevenue ($ MM)
LEIDOSFairmont, WV100 
OMNICAREAnnapolis Junction, MD92 
NETCRAKER TECHNOLOGYWaltham, MA85 
INC RESEARCHRaleigh, NC58 
NATIONAL TECHNOLOGY & ENGINEERING SOLUTIONS OF SANDIAAlbuquerque, NM53 
FORCE ENGINEERINGChandler, AZ45 
CEPHALONFrazer, PA41 
LABCORP DRUG DEVELOPMENTBurlington, NC40 
PRA INTERNATIONAL OPERATIONSRaleigh, NC33 




Nearby Competitors

These companies are similar in business line and location to Labcorp Drug Development. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company HeadquartersRevenue ($ MM)
LABCORP DRUG DEVELOPMENTBurlington, NC100 
CONGRUITY HR HOLDINGKernersville, NC7 
SUMMIT DESIGN & ENGINEERING SERVICES PLLCHillsborough, NC3 
REGISTRY PARTNERSBurlington, NC2 
CRGHigh Point, NC1 
SMITH LEONARD PLLCHigh Point, NC1 
WYATT EARLY HARRIS WHEELERHigh Point, NC1 
HIGH POINT CLINICAL TRIALS CENTERHigh Point, NC0 
GILLIAM BELL MOSERBurlington, NC0 
ROBERSON HAWORTH & REESE PLLCHigh Point, NC0 




Future Competition: Labcorp Drug Development's Fastest Growing Competitors

These companies are in the same general field as Labcorp Drug Development and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

CompanyRevenue ($ MM)
Labcorp Drug Development Competitors