Laval, QC – Clinical contract research organization LAB Research says it has completed the expansion of its Canadian facility. The $12 million development is part of the company’s goal of enhancing its it says it will be able to better meet increasing demand for its services and facilitate organic growth.
The expansion of the facility — the area of which was increased from 38,000 to 87,000 sq ft, will expected to generate revenues of over $25 million and provide jobs for more than 200 people. Environmental systems having been validated, the company will undertake the first studies in its new facilities as early as mid-month. The expansion included reinforcing of the facility’s immunology department and new analytical chemistry laboratories.
“The completion of the Canadian operations will provide the company with major benefits,” says Luc Mainville, the company’s president and chief executive officer. “We will now conduct a larger number of studies, offer our clients more services and improved scheduling, and lower our operating costs. In fact, our new facilities will enable us to consolidate our Canadian operations in a single site by the end of December and thereby benefit from savings as a result of our greater operational efficiencies.”