Labcorp Drug Development Overview

Covance Inc. is a contract research organization headquartered in Princeton, New Jersey, providing nonclinical, preclinical, clinical and commercialization services to pharmaceutical and biotechnology industries.
The staff at Labcorp Drug Development come from unusually diverse demographic backgrounds. The company is 54.5% female and 40.4% ethnic minorities. Despite its diversity in other areas, Labcorp Drug Development employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 74.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Labcorp Drug Development has great employee retention with staff members usually staying with the company for 4.2 years. The average employee at Labcorp Drug Development makes $69,303 per year. Pay at Labcorp Drug Development is significantly lower than some of its highest paying competitors, like Karyopharm Therapeutics, Novo Nordisk, and Quintiles Transnational, which pay $97,763, $92,281, and $90,654, respectively.
Labcorp Drug Development is an industry leader with 50,000 employees and an annual revenue of $17.6M that is headquartered in New Jersey.

The Organization’s Mission

Our mission is to bring new and innovative medicine to patients sooner.

Perks of Working at Labcorp Drug Development

Covance provides employees the opportunity to work on interesting projects and encourages career growth. It also allows employees to work from home when necessary.

Industry

Pharmaceutical

Revenue

$17.6M

Employees

77,000

Founded in

1968

Headquarters

Princeton, NJ

Website

www.labcorp.com

Organization Type

Public

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The Team At Labcorp Drug Development

Key People
  • David Coggin (Executive Director)
The Inside Scoop
Covance Inc. is a global contract research organization recognized for being the world's most comprehensive drug development company. It has a team of professionals that are dedicated to advancing healthcare and delivering fast and innovative medical solutions to patients and healthcare providers. The company also offers laboratory testing services to the chemical, agrochemical, and food industries. It is also a market leader in central laboratory, toxicology, and discovery services.
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Labcorp Drug Development Company Rankings

Labcorp Drug Development is ranked #21 on the Best Pharmaceutical Companies to Work For in New Jersey list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Labcorp Drug Development Salaries

How much does Labcorp Drug Development pay?
The national average salary for a Covance employee in the United States is $69,303 per year. Employees in the top 10 percent can make over $118,000 per year, while employees at the bottom 10 percent earn less than $40,000 per year.
9.4
Salary Score
Average Employee Earnings

Labcorp Drug Development Salaries By Job Title

While Labcorp Drug Development employees earn an average yearly salary of $69,303, different roles can command different wages. The higher paying positions at Labcorp Drug Development include principal investigator, net developer, applications developer, and biostatistician. A typical principal investigator salary at Labcorp Drug Development is $113,905. To get a better sense of the salaries at Labcorp Drug Development, other roles such as program representative and animal technician can be considered as well. For comparison, the title program representative at Labcorp Drug Development earns $23,167 per year.
Job Title
Title
ascdesc
Average Salarydesc
Principal Investigator
Salary Range98k - 131k$114k$113,905
NET Developer
Salary Range97k - 122k$110k$109,600
Applications Developer
Salary Range90k - 116k$103k$102,697
Biostatistician
Salary Range83k - 116k$98k$98,363
Senior Programmer
Salary Range88k - 104k$96k$95,901
Consultant
Salary Range79k - 114k$95k$95,147
Programming Specialist
Salary Range83k - 108k$95k$95,066
Project Manager
Salary Range78k - 114k$95k$94,722
SAS Programmer
Salary Range79k - 112k$94k$94,440
Statistician
Salary Range80k - 110k$94k$94,294
$54k
$131k

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Labcorp Drug Development Careers

On average, employees at Labcorp Drug Development stay with the company for 4.2 years. Employees most commonly join Labcorp Drug Development after leaving Bristol-Myers Squibb. When they leave Labcorp Drug Development, they most frequently get their next job at Merck.

Average Length of Employment

Parexel
4.3 years
Covance
4.2 years

Top Employers Before Labcorp Drug Development

Merck
8.4 %
Pfizer
8.2 %

Top Employers After Labcorp Drug Development

Merck
9.4 %
Parexel
9.2 %
Pfizer
8.8 %

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Labcorp Drug Development Employee Demographics

9.9
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

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Labcorp Drug Development Employees Education

Of the 77,000 employees at Labcorp Drug Development, 13.3% attended Purdue University. Employees at Labcorp Drug Development most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Labcorp Drug Development Employee Political Affiliation

Labcorp Drug Development employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Labcorp Drug Development employee was by Jonathan Plehn. Jonathan Plehn donated $6,264 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Jonathan PlehnPhysician
Physician
Democratic Party
$6,264Democratic Party
Paul KirchgraberSenior Vice President
Senior Vice President
Democratic Party
$4,055Democratic Party
Gary BoormanPathologist
Pathologist
Democratic Party
$3,485Democratic Party
James LovettMedical Researcher
Medical Researcher
Republican Party
$2,850Republican Party
Cheryl HeltonManagement
Management
Democratic Party
$2,385Democratic Party
Charlotte ParkinsonQuality Assurance Lead
Quality Assurance Lead
Democratic Party
$2,200Democratic Party
Mike FowlerInformation Technology Manager
Information Technology Manager
Republican Party
$2,086Republican Party
William BridsonDoctor
Doctor
Democratic Party
$1,950Democratic Party
Pamela WilliamsAccount Director
Account Director
Democratic Party
$1,750Democratic Party
Marie PedriResearch Associate
Research Associate
Democratic Party
$1,605Democratic Party
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Labcorp Drug Development Employment Videos

Labcorp Drug Development Financial Performance

7.1
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$10M - $100M

Founded in

1968

Organization type

Public

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Labcorp Drug Development Competitors

Some of the competitors of Labcorp Drug Development are Karyopharm Therapeutics, Novo Nordisk, and Quintiles Transnational. The average salaries at Karyopharm Therapeutics rank the highest, with their employees earning an average salary of $97,763 per year. Employees at Novo Nordisk earn an average of $92,281 per year, and the employees at Quintiles Transnational earn an average salary of $90,654 per year.
Companydesc
Average Salarydesc
Karyopharm Therapeutics
Salary Range74k - 127k$98k$97,763
Novo Nordisk
Salary Range75k - 113k$92k$92,281
IQVIA
Salary Range76k - 107k$91k$90,654
Incyte
Salary Range70k - 114k$90k$89,649
Synteract
Salary Range70k - 109k$88k$87,693
Quintiles
Salary Range72k - 105k$88k$87,528
Parexel
Salary Range69k - 105k$86k$85,860
PRA International Operations
Salary Range65k - 103k$83k$82,505
ICON Development Solutions
Salary Range56k - 102k$76k$75,867
Zoetis
Salary Range56k - 101k$76k$75,840
$35k
$127k

Frequently Asked Questions about Labcorp Drug Development

When was Labcorp Drug Development founded?

Labcorp Drug Development was founded in 1968.

How many Employees does Labcorp Drug Development have?

Labcorp Drug Development has 77,000 employees.

How much money does Labcorp Drug Development make?

Labcorp Drug Development generates $17.6M in revenue.

What industry is Labcorp Drug Development in?

Labcorp Drug Development is in the pharmaceutical industry.

What is Labcorp Drug Development's mission?

Labcorp Drug Development's mission statement is "Our mission is to bring new and innovative medicine to patients sooner."

What type of company is Labcorp Drug Development?

Labcorp Drug Development is a public company.

Who are Labcorp Drug Development's competitors?

Labcorp Drug Development competitors include Parexel, Charles River Laboratories, inVentiv Health, Quintiles, PRA International Operations, Pharmaceutical Product Development, ICON Development Solutions, Quintiles Transnational, Glaukos, Bioanalytical Systems, Novo Nordisk, Incyte, Zoetis, Karyopharm Therapeutics, Shire US, Biomedical Systems, Phoenix International Beteiligungs GmbH, American Board-Pain Medicine, J. Knipper & Co., Synteract.

Who works at Labcorp Drug Development?

David Coggin (Executive Director)

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Updated October 6, 2021

Zippia gives an in-depth look into the details of Labcorp Drug Development, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Labcorp Drug Development. The employee data is based on information from people who have self-reported their past or current employments at Labcorp Drug Development. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Labcorp Drug Development and its employees or that of Zippia.

Labcorp Drug Development may also be known as or be related to COVANCE CLINICAL RES UNIT INC, Covance, Covance Clinical Research Unit, Covance Clinical Research Unit, Inc. and Covance Inc.