Labcorp Drug Development, formerly known as Covance Inc., is a contract research organization (CRO) providing drug development and animal testing services. The company is headquartered in Princeton, New Jersey, and has offices in more than 60 countries. Labcorp Drug Development offers services in clinical development, commercialization, and laboratory testing. The company was acquired by Laboratory Corporation of America Holdings (LabCorp) in 2015 for $6.2 billion. As of 2021, Labcorp Drug Development has more than 11,000 employees.