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CANTEST acquires specialty analytical laboratoryBurnaby, British Columbia. CANTEST Ltd. announced today the acquisition of Elemental Research Inc. ("ERI"), a highly-specialized, North Vancouver-based laboratory, which primarily services the pharmaceutical market. The acquisition of ERI is another step in the significant expansion program CANTEST’s BioPharma Services group has been undergoing. It was preceded by a $1.5 Million investment in two API 5000 LC-MS/MS™ systems in January, the acquisition of controlling interest in Prime Trials, a clinical trial facility, in February and the establishment of a Biopharmaceutics group in March. "ERI augments our BioPharma Services group by increasing the capacity within our bioanalytical group and allowing us to offer material science testing services to those in the pharmaceutical, medical device and packaging sectors." says Don Enns, President and CEO of CANTEST. "The capabilities added can also be utilized in other lines of our business, which will accelerate our growth and go hand-in-hand with the expansion of our existing facility in Burnaby. We are pleased that Dr. David Gray, former President of ERI, has agreed to join CANTEST as Laboratory Director for the BioPharma Services group. He will support the integration of the two organizations and oversee the day-to-day functions of the division." "ERI’s corporate values of continuous improvement, regulatory compliance, technical innovation and client satisfaction are mirrored in CANTEST’s corporate philosophy, and I’m very confident that the merging of the two entities will clearly benefit those we serve.", adds Dr. Gray. About CANTEST CANTEST is a Life Sciences company providing professional analysis and consultation in biotechnology, pharmaceutical, environmental, industrial hygiene and food safety related fields. Its BioPharma Services division is a regulatory compliant contract research facility, providing testing and consulting services in support of pre-clinical and clinical trials undertaken by pharmaceutical and biotechnology organizations. The company operates Canadian offices in BC, Manitoba and Ontario with affiliates in the United States and Southeast Asia. To learn more about CANTEST, visit www.cantest.com. About Elemental Research Elemental Research Inc. (ERI) is one of North America’s most advanced private/commercial analytical laboratories. The company provides custom method development, validation and analytical services using inorganic mass spectrometry (ICP-MS), organic mass spectrometry (GC/MS and LC/MS), ion chromatography, proprietary laser ablation ICP-MS (for direct solid analysis) and a wide variety of standard analytical methods. For more information, please visit www.elementalresearch.com. Media Contact:
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