February 9, 2005

Leslie Maas, Calvert Laboratories’ Director of Client Services was awarded the organization’s 2004 Chairman’s Award at the 1st Annual Chairman’s Circle Celebration dinner at Patsel’s Restaurant on Thursday evening, January 27th.  Russ McLauchlan, Calvert’s Chairman and presenter of the award, was joined at this celebration by the company’s past 12 winners of the Chairman’s Award and their guests.  Calvert’s Chairman’s Award recognizes excellent individual performance by Calvert employees, and this year’s event was the inauguration of the Chairman’s Circle to annually recognize previous winners and their continued contributions to the organization.

Leslie has been a part of the organization for 27 years and has fulfilled a variety of roles including marketing and business development, quality assurance, archiving and technical support.  She was recognized as this year’s winner of the Chairman’s Award as a result of her efforts in developing strong client relationships which ultimately strengthens the business opportunities for the company.  She works diligently on a daily basis to ensure that each client receives the quality and customized service they require to meet their drug development requirements.  Leslie and her husband Ken live in Dalton. 

Calvert Laboratories, Inc. provides contract scientific services in the non-clinical arena to the pharmaceutical and biotechnology industries, and is located in Olyphant.


June 24, 2003 (Cary, NC) Calvert Laboratories, Inc., a contract research company based in North Carolina announces it has entered into a strategic alliance with Pathology Associates, a division of Charles River Laboratories, Inc. (CRL: NYSE). Under this alliance, Pathology Associates will provide on site pathology services at Calvert’s Olyphant, PA laboratories for non-clinical drug development studies. In addition, Pathology Associates will provide Calvert a full range of histology and special pathology services, which will enhance Calvert’s service offerings to include studies requiring such endpoints as immunohistochemistry, cell proliferation, PCR analysis, morphometrics and neuropathology.

Charles B. Spainhour, V.M.D., Ph.D., Chief Scientific Officer for Calvert, said “Our clients have regularly requested that we provide on site pathology services when we perform the end life stage of their studies. Our goal has always been to assist clients in gathering pertinent data quickly to assist them in the full evaluation of their drug compound. Our collaboration with Pathology Associates, recognized as a premier outsource histology and pathology provider, gives us this capability while maintaining direct control of the study timeline we promise our customers”.

Calvert Laboratories, Inc. is a wholly owned unit of Calvert Holdings, Inc. The Company provides in vivo and in vitro non clinical support services to pharmaceutical, biotechnology and government research industries.


FORMATION OF CALVERT LABORATORIES ANNOUNCED

Cary, NC February 24, 2003: Calvert Holdings, Inc. announces the formation of Calvert Laboratories, Inc., its wholly owned subsidiary focused on contract drug development. The change in name reflects the consolidation of Calvert’s three operating units under one management. The former Calvert Preclinical Services, with laboratories in Olyphant, Pennsylvania; Calvert Archiving Services, with storage facilities in Clarks Summit, Pennsylvania; and Calvert Analytical Services, with laboratories in Norristown, Pennsylvania; and bioCentra Professional Services, with offices in Davis, California are affected by this move.

Since 2000, Calvert has taken significant efforts to expand its nonclinical core expertise exemplified by the establishment of contract histopathology and archiving services in addition to expansion of its capabilities in the areas of drug metabolism and pharmacokinetics. The new name, Calvert Laboratories, exemplifies Calvert’s intention of continual integrated expansion from our core nonclinical services segment into additional complementary areas which will enable faster and more efficient drug development. The organizational changes are considered essential to enable Calvert to further reward customers with enhanced responsiveness, uniform standards of quality across various scientific disciplines, improved communications, and optimal project management and oversight as it continues to expand its drug development service portfolio.

Calvert provides regulatory compliant comprehensive integrated offerings in the areas of toxicology, pharmacology, absorption, distribution, metabolism, and excretion (ADME), histopathology, bioanalytical and analytical chemistry, and document/specimen archiving. For more information, visit www.CalvertLabs.com, or contact Becky Edwards at (919) 854-4453.

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