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LabCorp buys scientific process outsourcing company

Laboratory Corp. of America Holdings said it acquired Westborough, Mass.-based Sciformix Corp. to expand its drug development solutions.

Sciformix is a scientific process outsourcing company engaged in providing scientific knowledge-based services to biopharmaceutical, generic pharmaceutical, consumer product, medical device, contract research and healthcare companies.

The company will become part of Covance, Laboratory Corp's drug development unit.

Financial terms of the transaction were not disclosed.