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Charles River Sets up Board, Shares Pop

Charles River Laboratories International, Inc. (NYSE: CRL) today announced the creation of a global, cross-functional Scientific Advisory Board, led by Dr. Namandjé N. Bumpus, to guide the Company’s strategic focus on New Approach Methodologies (NAMs). NAMs are non-clinical tools that enhance the predictability of efficacy and safety in the development of therapeutics and chemical substances, aiming to reduce reliance on animal testing.

Charles River has a proven track record of pioneering initiatives that minimize animal use in research through the 3Rs (Replacement, Refinement, and Reduction) and has made substantial strategic investments in advancing alternative technologies. The Scientific Advisory Board incorporates Charles River’s industry-leading experts in animal welfare, science, technology, operations, and regulatory affairs, and will continue to advance science in this area.

“Our industry is at an inflection point where science and technology are intersecting to accelerate the pace of drug discovery and development. Charles River is poised to lead the development and regulatory validation of NAMs that can be integrated into programs across our vast client network,” said Birgit Girshick, Corporate Executive Vice President and Chief Operating Officer, Charles River. “We are excited to have premier internal and external expertise driving our strategy with a science-first approach.”

CRL shares hiked $2.31, or 1.4%, to $172.47.