LABCORP DRUG DEVELOPMENT Revenue, Growth & Competitor Profile

DBA COVANCE INC

Company Profile & Annual Report for Labcorp Drug Development

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Labcorp Drug Development Fast Facts

Revenue	Over $500 million    See Exact Annual Revenue
Employees	Over 1,000Exact Company Size
Primary Industry	5417 Scientific Research & Development Services
Additional NAICS Codes	541611 Administrative Management & General Management Consulting Services
Address	531 South Spring Street Burlington, NC 27215 covance.com

Note: Revenues for privately held companies are statistical evaluations.




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):

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)
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.

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	Headquarters	Revenue ($ MM)
LEIDOS	Fairmont, WV	100
OMNICARE	Annapolis Junction, MD	92
NETCRAKER TECHNOLOGY	Waltham, MA	85
INC RESEARCH	Raleigh, NC	58
NATIONAL TECHNOLOGY & ENGINEERING SOLUTIONS OF SANDIA	Albuquerque, NM	53
FORCE ENGINEERING	Chandler, AZ	45
CEPHALON	Frazer, PA	41
LABCORP DRUG DEVELOPMENT	Burlington, NC	40
PRA INTERNATIONAL OPERATIONS	Raleigh, NC	33

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	Headquarters	Revenue ($ MM)
LABCORP DRUG DEVELOPMENT	Burlington, NC	100
CONGRUITY HR HOLDING	Kernersville, NC	7
SUMMIT DESIGN & ENGINEERING SERVICES PLLC	Hillsborough, NC	3
REGISTRY PARTNERS	Burlington, NC	2
CRG	High Point, NC	1
SMITH LEONARD PLLC	High Point, NC	1
WYATT EARLY HARRIS WHEELER	High Point, NC	1
HIGH POINT CLINICAL TRIALS CENTER	High Point, NC	0
GILLIAM BELL MOSER	Burlington, NC	0
ROBERSON HAWORTH & REESE PLLC	High Point, NC	0

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.

Company	Revenue ($ MM)