Charles River Laboratories International Inc at Morgan Stanley Healthcare Conference Transcript

Sep 10, 2019 / 02:00PM GMT
Rivka Regina Goldwasser - Morgan Stanley, Research Division - MD

Good morning, everybody. It is my pleasure to introduce our next guest for the day.

To my left is Jim Foster, CEO of Charles River. I think you all know Charles River is a contract research organization and really a market leader in the preclinical segment.

And Jim, when we think about your business, you have a very broad scope of portfolio: Toxicology, animal model, discovery. And you've -- in a great position and have been to really benefit from the increased biopharma spend. So with that in mind, you can take a few minutes just to help frame the conversation for us and just kind of like walk us through what are you seeing in the overall market?

James C. Foster - Charles River Laboratories International, Inc. - Chairman, CEO & President

Yes. I would say that biotech has been a principal driver of our growth for probably 5 or 6 years now. And I don't really know when the crossover was, but we were always the supplier to pharma. And I'd say 8 or 9 years ago, biotech sort of

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