Charles River Labs announces closing of 30-employee facility in Ann Arbor area
The Massachusetts-based Charles River Laboratories Intl. [NYSE:CRL] announced plans to lay off 4 percent of its global workforce and close its Ann Arbor-area molecular imaging facility, according to an article in Xconomy.
The move affects 30 employees at the local facility, located at 800 Technology Dr. in Pittsfield Township.
Charles River operated locally after it purchased Molecular Imaging Resource in September 2008.
Earlier that year, CEO Dick Leopold told Business Review that revenue growth was projected to triple and the company had room to add 50 employees to its offices. At the time, the company employed 25.
The contract research company specialized primarily in evaluating drug candidates that target cancer and inflammatory diseases such as arthritis . Its imaging technology was the key part of its services for more than 200 pharma clients.
The layoffs announced Thursday affect a total of 300 Charles River employees and follow other changes at the company as it grapples with slowdown in pharma-related business.
Read the full Xconomy article here.