CHARLES RIVER LABORATORIES INTERNATIONAL, INC. acquired Brains On-Line for $21.3 million in cash (plus contingent payments), a transaction completed in January 2018, structured as all cash.
Brains On-Line operates in Discovery and Safety Assessment (DSA), is based in Netherlands and United States. Brains On-Line was a leading CRO providing critical data that advances novel therapeutics for the treatment of central nervous system (CNS) diseases.
Brains On-Line strategically expands our existing CNS capabilities and establishes us as a single-source provider for a broad portfolio of discovery CNS services. The purchase price for Brains On-Line was $21.3 million in cash.
DSA segment, CNS discovery services
Brains On-Line strategically expands our existing CNS capabilities and establishes us as a single-source provider for a broad portfolio of discovery CNS services. The purchase price for Brains On-Line was $21.3 million in cash.Charles River FY2018 10-K, Business Acquisitions note
Advisory firms were not disclosed for this transaction.