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Clearstone Central Laboratories and LabCorp Establish Global Strategic Collaboration for Clinical Trials

Friday, August 13, 2010 Hospital News J E 4
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Clearstone to gain from LabCorp's specialty testing capabilities and leading assay portfolio. LabCorp to access Clearstone's global laboratory footprint and leading protocol management system. The combined service offering presents unparalleled benefits for pharmaceutical and biotech clients.

TORONTO, Aug. 12 /PRNewswire/ -- Clearstone Central Laboratories, a leading provider of central laboratory services for late-stage clinical trials, announced today a global collaboration with Laboratory Corporation of America® Holdings (LabCorp®) (NYSE: LH) through its Esoterix Clinical Trials Services division, providing clients with seamless access to CAP-accredited laboratories across both organizations in Belgium, Canada, China, France, Singapore and the United States. This global collaboration will deliver expert safety, diagnostic and specialty testing services in support of drug development and clinical trials. In addition, clients of each company will be able to access LabCorp's industry-leading assay portfolio and Clearstone's state-of-the-art central laboratory protocol management system APOLLO CLPM™.

"We are very pleased to announce this strategic collaboration with LabCorp because of the value it creates for our clients", said Clearstone CEO Lewis Cameron. "LabCorp is well established in the diagnostic and clinical trials markets. This global collaboration provides LabCorp with an expanded international presence to serve the global clinical trials market. Clearstone's clients will have access to the largest combined assay portfolio in the industry, with much greater specialty and biomarker testing capabilities. More so, our collaboration creates one of the most advanced scientific portfolios in the central lab market with globally harmonized and state-of-the-art testing platforms in areas such as pharmacogenomics, microbiology, immunohistochemistry, allergy testing, cytogenetics and flow cytometry."

About Clearstone

Clearstone Central Laboratories is the largest and most experienced private company exclusively focused on providing central lab services to support late-stage drug development with accurate and timely test data. With over 20 years of experience in mature and emerging markets, we offer world-class laboratory testing, project and data management, and logistical support to leading pharmaceutical and biotech companies around the world. Clearstone's 500-member global workforce delivers these services from our wholly-owned CAP-accredited laboratories and global kit production facilities in Beijing, Hamburg, Paris, Singapore and Toronto. We also own and operate APOLLO CLPM™ – the leading proprietary central laboratory protocol management system. For more information, visit our website at www.clearstonelabs.com.

Clearstone's French subsidiary will not become a party to the global collaboration unless and until it shall have informed and consulted with the relevant works council in accordance with applicable labor laws.

SOURCE Clearstone Central Laboratories

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