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Covance Inc. (Nyse - CVD), formerly Corning Incorporated, with headquarters in Princeton, New Jersey, is a contract research organization (CRO) providing drug development and animal testing services. According to its website, it is one of the largest companies of its kind in the world, with annual revenues of over $1.7 billion, operations in more than 25 countries, and over 9,800 employees worldwide. It provides the world's largest central laboratory network, and employs a global team of clinical trial professionals and cardiac safety experts. It became a publicly traded company after being spun off by Corning, Inc. in 1997. Under the name Covance Research Products Inc. (CRP), based in Denver, Pennsylvania, the company also deals in the import and sale of laboratory animals. It is the single largest importer of primates in the U.S. and the world's largest breeder of laboratory dogs. It owns two dog-breeding facilities, two primate centers, and a rabbit-breeding facility. The company has been the subject of controversy following allegations of primate abuse in its laboratories in Germany and the United States, and a potential outbreak of the Ebola virus. |