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The Sequencing & Diagnostics — Illumina, IDEXX & the Lab-Instrument Oligopoly · The GLP-1 & Bio Supply Chain — Peptides, Bioprocessing & Diagnostics

CRL

Charles River Laboratories
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Dominant research animal models and preclinical CRO.

What they do

Dominant supplier of research animal models (mice, primates) and preclinical contract research services. Every new drug goes through CRL-style preclinical work. Recovery thesis post-2024 biotech-funding destocking.