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Covance Management Discusses Q2 2012 Results - Earnings Call Transcript

Now to Slide 6 and 7 where I'll discuss the segment results for the quarter. In Early Development, pro forma net revenue was $215 million. This represents a $3.7 million sequential increase on a rebound in discovery support and clinical pharmacology, which more than offset a decline in research products and toxicology. Continuing operations in toxicology, it is when excluding Chandler in both periods, was up sequentially. This is a 7.1% year-on-year reduction, driven by a decline in revenues in toxicology, research products and foreign exchange headwinds as well as the exclusion of revenues from the 3 facilities for which closure activities have commenced in 2012.

Read the rest of this transcript for free on seekingalpha.com

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