Covance Inc. Gets $187 Million Contract

PRINCETON, N.J., June 14 /PRNewswire-FirstCall/ -- Covance Inc. (NYSE: CVD - News) announced today that it has been awarded the largest contract in its history, an extended and expanded dedicated space agreement with a minimum value of $187 million. This new contract effectively secures toxicology space for a client from 2007 to 2013 and will add approximately $150 million to the company’s second quarter backlog, the majority of which will be converted to revenue between 2009 and 2013.

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