Around the Region
Charles River, Chinese firm link up
Wilmington drug research company Charles River Laboratories International Inc. said Tuesday it has agreed to buy a 75 percent ownership stake in Vital River, a Chinese provider of pharmaceutical research models and related services, for about $27 million. Charles River said the acquisition would help it expand in the fast-growing Chinese market for drug discovery and development. The transaction is expected to be completed in the first quarter of 2013.