Labcorp, Along With Its Subsidiary Covance Inc., Partnered With GENFIT For In Vitro Toxicity Testing Market
In recent years various animal welfare associations have raised initiates towards eradicating toxicity testing on animals. In vitro toxicity testing eliminates the use of animals from the testing procedure. This factor is driving the growth of the market. Various advantages associated with in vitro toxicity testing are also supporting the growth of the in vitro toxicity testing market . Moreover, this procedure also gives proper detection of toxic effects on the organism at very low concentration and this is not possible in animal testing. Furthermore, strict rules and regulations regarding the banning of animal testing are expected to provide potential opportunities in the near future. For instance, in January 2020, the state governments of California, Nevada, and Illinois banned the sale or import of animal-tested cosmetics. In January 2020, the U.S. FDA finalized it's In Vitro Guidance for the pharmaceutical industry in order to help drug developers plan and evaluate studi...