COLUMBIA — Analytical Bio-Chemistry Laboratories Inc., based in Columbia, has received a Contract Research Organization Leadership Award for high quality.
Sponsored by Life Science Leader, a life sciences industry magazine, the awards are designed to help pharmaceutical companies find reputable contract research organization partners best suited to work on different types of projects.
Companies hire contract research organizations to perform parts of the clinical research process.
"(The award) is an important recognition from the industry that ABC is starting to make its mark," ABC Vice President Kristein King said.
The recognition shows that ABC Laboratories is building its brand awareness, which has been a focus for the past few years, she said.
ABC Laboratories, which was founded in 1968, works with pharmaceutical, chemical, biotech, animal health and crop protection industries to provide product development strategies and analytical testing services. For pharmaceutical companies, it tests the purity, potency and stability of drugs in development. It provides data from the tests to pharmaceutical companies that eventually is filed with the Food and Drug Administration.
Recipients of the award are determined by data in intelligence reports by Nice Insight. The reports analyze survey results from more than 11,000 pharmaceutical and biopharmaceutical companies that use contract research organizations, said Rob Wright, editor of Life Science Leader.
The winners must be in the top 20th percentile in one of five areas: innovation, productivity, quality, regulatory or reliability. ABC Laboratories scored in the top 20th percentile for quality.
"Quality in the environment we operate in is much more than a generic term," King said. "It's at the heart of what we do."
ABC Laboratories was founded after MU biochemistry professor Charles Gehrke and his students created an automated method to analyze chemical compounds in fertilizer for farmers. The company grew until it hit a financial slump in 1992, then it made a financial turnaround after Byron Hill was appointed president and CEO in 2003. It made $2.2 million in net income in 2006 and had about 300 employees in 2008.
Supervising editor is Katherine Reed.