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Covance's Overview

Total employees6815
HeadquartersPrinceton
Founded

Covance Drug Development, now fully integrated into Labcorp Drug Development following its acquisition by Labcorp in 2015, was a globally recognized contract research organization (CRO). It provided a comprehensive suite of services to pharmaceutical and biotechnology companies to support the entire drug development continuum. These services ranged from early-stage discovery and preclinical research to clinical trial management (Phase I-IV), central laboratory services, bioanalytical testing, and market access solutions. Covance was known for its scientific expertise and commitment to helping clients accelerate the development of new medicines.

Where is Covance's Headquarters?

HQ Function

Historically served as the global corporate headquarters for Covance, overseeing strategic direction, operations, and administrative functions before the Labcorp acquisition.

Notable Features:

The Princeton campus was a major operational hub with significant office and laboratory facilities tailored for drug development services.

Work Culture:

Covance historically fostered a science-driven and client-centric work culture, emphasizing quality, innovation, and collaboration in advancing pharmaceutical research.

HQ Significance:

The Princeton headquarters symbolized Covance's status as a leading CRO and its strong presence within the New Jersey/Pennsylvania pharmaceutical corridor.

Values Reflected in HQ: The historical HQ reflected Covance's commitment to scientific rigor, comprehensive service offerings, and supporting global health advancements.

Location:

Following its integration into Labcorp, the capabilities of the former Covance Drug Development are now part of Labcorp Drug Development's extensive global network. Labcorp Drug Development operates in over 60 countries, providing comprehensive support for global drug development. This includes early discovery services, preclinical research, full-spectrum clinical trial management (Phase I-IV), expansive central laboratory services, biomarker discovery and development, advanced bioanalytical services, and strategic market access and commercialization support. This global infrastructure allows for the execution of complex international studies and a wide array of services tailored to diverse regulatory environments and client needs worldwide.

Street Address:

210 Carnegie Center Drive (Historical Covance Global HQ)

City:

Princeton

State/Province:

New Jersey

Country:

USA

Covance's Global Presence

Madison, Wisconsin, USA

Address: 3301 Kinsman Blvd, Madison, WI 53704, USA (Major Labcorp Drug Development site, historically a key Covance facility)

Serves as a crucial North American hub for comprehensive preclinical research and analytical laboratory services for global pharmaceutical and biotech clients.

Geneva, Switzerland / Epalinges, Switzerland

Address: Route de la Corniche 9A, 1066 Epalinges, Switzerland (Key Labcorp Central Laboratory)

Essential for supporting multinational clinical trials requiring standardized, high-quality laboratory testing and efficient logistics within the EMEA region.

Indianapolis, Indiana, USA

Address: 8211 SciCor Drive, Indianapolis, IN 46214, USA (Significant clinical research and central lab site)

Key U.S. site supporting global clinical trials with comprehensive lab testing and logistical capabilities.

Harrogate, United Kingdom

Address: Otley Road, Harrogate, North Yorkshire, HG3 1PY, UK (Important European research facility)

Supports drug development programs for European and global clients with specialized scientific expertise and facilities.

Buying Intent Signals for Covance

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Covance

As of April 2025, Covance' leadership includes:

Dr. Paul Kirchgraber - CEO, Labcorp Drug Development and Executive Vice President, Labcorp
Jonathan Collins - Chief Operating Officer, Labcorp Drug Development
Dr. Bill Hanlon - President, Central Laboratories & Chief Scientific Officer, Labcorp Drug Development

Investors of Covance

Covance has been backed by several prominent investors over the years, including:

Historically, Covance Inc. (NYSE: CVD) was a publicly traded company with numerous institutional and individual shareholders prior to its acquisition by Labcorp in 2015.
Currently, Labcorp (NYSE: LH) is the parent company. Major institutional investors in Labcorp include:
The Vanguard Group, Inc.
BlackRock, Inc.
State Street Corporation
Fidelity Management & Research Company (FMR Co.)

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

Covance Drug Development was acquired by Labcorp in 2015 and is now fully integrated as Labcorp Drug Development. Therefore, there are no executive new hires or exits specifically for 'Covance Drug Development' as a standalone entity in the last 12 months. Any leadership changes would pertain to Labcorp or its Labcorp Drug Development segment.

Departures

N/A, No executive departures for 'Covance Drug Development' as this entity was acquired in 2015.

New Appointments:

N/A, No new executive appointments for 'Covance Drug Development' as this entity was acquired in 2015.

Technology (Tech Stack) used by Covance

Discover the tools Covance uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Covance Email Formats and Examples

Since Covance is now part of Labcorp, email communications would use Labcorp's standard email formats. The most common format for Labcorp employees is typically [first].[last]@labcorp.com. Other formats like [first_initial][last]@labcorp.com might exist but are less common for general communication.

[first].[last]@labcorp.com

Format

jane.doe@labcorp.com

Example

90%

Success rate

News and media

Business WireMay 7, 2024

Labcorp Launches Labcorp Clinical Trial Recruitment Solution to Accelerate Patient Enrollment

Labcorp announced the launch of its Labcorp Clinical Trial Recruitment solution, an end-to-end offering designed to accelerate patient enrollment in clinical trials, leveraging Labcorp's extensive data and patient network....more

Business WireApril 25, 2024

Labcorp Reports 2024 First Quarter Results

Labcorp announced its financial results for the first quarter of 2024, providing updates on its Diagnostics Laboratories and Drug Development segments, highlighting sustained demand in Drug Development....more

Fierce BiotechMarch 4, 2024

Labcorp streamlines early drug development with launch of new 'Logix' service suite

Labcorp Drug Development launched Labcorp Logix, an integrated suite of services aimed at simplifying and accelerating early-phase drug development for biotech and pharmaceutical companies, enhancing efficiency from discovery through preclinical stages....more

Labcorp NewsroomFebruary 15, 2024

Labcorp Reports 2023 Fourth Quarter and Full Year Results; Introduces 2024 Guidance

Labcorp released its Q4 and full-year 2023 financial results, discussing the performance of its Drug Development segment (formerly Covance) and outlining strategic priorities for growth in 2024....more

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