Inotiv, Inc. Announces Plan to Expand the Company’s Internal Operations
April 19, 2021 at 07:00 am EDT
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Inotiv, Inc. announced the company’s plans to expand its St. Louis operations to provide more comprehensive and integrated services, especially in support of the Company’s previously announced planned acquisitions of HistoTox Labs, Inc. and Bolder BioPATH, Inc. The scientific and business teams at the St. Louis location focus on delivering exceptional client experiences with service offerings including pharmacology, toxicology, drug metabolism & pharmacokinetics (“DMPK”), histology, pathology, and cell & molecular biology. Inotiv plans to exercise the Company’s option to buy the St. Louis facility for approximately $4.7 million and complete an expansion contingent on the Company receiving financing and obtaining related business incentives. The 50,000 square foot facility is comprised of 30,000 square feet of finished laboratory and office space and 20,000 square feet of unfinished shell space. The expansion would finish the shell space, adding office and laboratory capacity to accommodate the Company’s growing client base and diversity of service offerings. The expansion will include laboratories for increased DMPK technology and capability, as well as a new cell and molecular biology suite capable of delivering in vitro solutions in pharmacology and toxicology.
Inotiv, Inc. is a contract research company, which is engaged in providing nonclinical and analytical drug discovery and development services to the pharmaceutical and medical device industries and selling a range of research-quality animals and diets to the same industries, as well as academia and government clients. Its products and services focus on bringing new drugs and medical devices through the discovery and preclinical phases of development. It operates through two segments: Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). The DSA segment supports the discovery, nonclinical development and clinical development needs of researchers and clinicians for primarily small molecule drug candidates, as well as biotherapeutics and biomedical devices. The RMS segment offer access to a range of small and large research models for basic research and drug discovery and development, as well as specialized models for specific diseases and therapeutic areas.
INOTIV, INC. 
