Covance to close $150M Chandler drug development facility - East Valley Tribune: Chandler

Covance to close $150M Chandler drug development facility

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Posted: Friday, May 4, 2012 6:31 pm | Updated: 12:06 pm, Mon May 7, 2012.

Covance, an international drug development services company that opened a $150 million drug testing laboratory in Chandler in early 2009, announced Wednesday that it’s closing the Chandler facility.

While the global corporation reported net revenue growth of 5.7 percent to $531 million for the first quarter of 2012, the Princeton, N.J.-based company said closing the Chandler facility will help it save at least $20 million annually.

As Covance worked to build its East Valley facility, the company drew the ire of protestors and activists not happy about a company that tests on animals moving into their proverbial backyards. But the Chandler facility opened anyway in March 2009 with a few dozen employees. Nearly 2,000 jobs were expected for the 27-acre, 280,000-square-foot site near the Chandler Municipal Airport.

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