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One of the largest drug-testing firms in America, Princeton-based Covance runs drug trials for some of the largest pharmaceutical companies. It provides early-stage and late-stage product development services worldwide. The contract research organization (CRO) is an expert in toxicology, bionanalysis, drug safety and laboratory trial services. It is also, through its dealings with clients like Pfizer and Eli Lilly, involved in developing some of the most high-profile medications soon to be on the market. Recognized as a company that works well with its clients by Frost & Sullivan (they cited Covance for Customer Value and Market Leadership in 2006), the firm has nearly 12 percent of the $6 billion CRO market wrapped up. By the end of 2008, Covance had served more than 300 biopharmaceutical companies, and in 2009, maintained operations in more than 25 countries, with some 10,000 employees worldwide.
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