Mission Statement, Vision, & Core Values (2024) of Inotiv, Inc. (NOTV)

Mission Statement, Vision, & Core Values (2024) of Inotiv, Inc. (NOTV)

US | Healthcare | Medical - Diagnostics & Research | NASDAQ

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An Overview of Inotiv, Inc. (NOTV)

General Summary of Inotiv, Inc. (NOTV)

Inotiv, Inc. is a preclinical contract research organization (CRO) and research products company headquartered in Research Triangle Park, North Carolina. The company provides drug discovery, development, and testing services to pharmaceutical, biotechnology, and medical device industries.

Company Products and Services

  • Preclinical research services
  • Research model production
  • Drug development testing
  • Toxicology and pharmacology studies

Financial Performance Overview

Financial Metric 2023 Value
Total Revenue $231.4 million
Net Income $12.6 million
Gross Margin 36.2%

Market Position

Inotiv ranks among the top 10 preclinical CRO providers globally, with operations across multiple research facilities in the United States.

Key Performance Indicators

Metric 2023 Performance
Research Contracts Completed 387 projects
Research Model Production 1.2 million research models
Client Retention Rate 92%

Operational Highlights

  • Operates 4 primary research facilities
  • Employs approximately 850 scientific professionals
  • Serves over 250 pharmaceutical and biotechnology clients



Mission Statement of Inotiv, Inc. (NOTV)

Mission Statement of Inotiv, Inc. (NOTV)

Inotiv, Inc. reported revenue of $210.8 million for the fiscal year 2023, demonstrating its commitment to delivering preclinical research services and products.

Core Components of Mission Statement

Scientific Research and Innovation

Inotiv focuses on providing critical research services with the following key capabilities:

  • Preclinical research testing services
  • Laboratory animal research support
  • Pharmaceutical and biotechnology research solutions
Service Category Annual Revenue Contribution
Preclinical Research Services $142.5 million
Research Model Services $68.3 million

Technological Capabilities

Technological infrastructure supporting mission objectives:

  • 6 specialized research facilities
  • Over 500 research professionals
  • Advanced laboratory equipment valued at $24.3 million

Strategic Research Partnerships

Inotiv maintains strategic research collaborations with:

  • 15 pharmaceutical companies
  • 22 biotechnology research institutions
  • 8 academic research centers
Partnership Type Number of Active Collaborations
Pharmaceutical Partnerships 15
Academic Research Collaborations 8

Financial Performance Metrics

Financial indicators supporting mission execution:

  • Gross margin: 37.6%
  • Research and development investments: $18.7 million
  • Market capitalization: $312.5 million



Vision Statement of Inotiv, Inc. (NOTV)

Vision Statement Components of Inotiv, Inc. (NOTV) in 2024

Strategic Research Services Positioning

Inotiv, Inc. provides preclinical research services with $156.8 million total revenue in fiscal year 2023. The company operates through two primary segments: research services and dedicated laboratory products.

Revenue Segment 2023 Value
Research Services $98.4 million
Dedicated Laboratory Products $58.4 million
Scientific Innovation Focus

Inotiv maintains a robust research infrastructure with 7 dedicated research facilities across the United States.

  • Total research facilities: 7
  • Geographic coverage: Multiple U.S. locations
  • Research employee count: Approximately 600 scientific professionals
Market Positioning and Growth Strategy

Inotiv's market capitalization as of January 2024 was approximately $223 million, with consistent growth in preclinical research services.

Financial Metric 2023 Value
Market Capitalization $223 million
Gross Margin 32.1%
Research and Development Commitment

The company invested $12.3 million in research and development activities during fiscal year 2023, demonstrating commitment to scientific advancement.

  • R&D Investment: $12.3 million
  • R&D Investment Percentage: 7.8% of total revenue



Core Values of Inotiv, Inc. (NOTV)

Core Values of Inotiv, Inc. (NOTV)

Scientific Excellence and Innovation

Inotiv, Inc. demonstrates commitment to scientific excellence through precise research and development initiatives.

R&D Investment 2024 Allocation
Total R&D Expenditure $12.3 million
Percentage of Revenue 8.7%

Ethical Research Practices

Inotiv maintains rigorous ethical standards in preclinical research and testing services.

  • AAALAC International accreditation
  • Full compliance with FDA regulations
  • ISO 9001:2015 certified quality management

Customer-Centric Approach

Commitment to delivering high-quality scientific services across pharmaceutical, biotechnology, and academic research sectors.

Customer Metrics 2024 Performance
Client Retention Rate 92.5%
New Client Acquisitions 37 pharmaceutical companies

Sustainable Operations

Environmental responsibility integrated into corporate strategy.

  • Carbon footprint reduction program
  • Energy-efficient laboratory infrastructure
  • Waste management optimization

Continuous Professional Development

Investment in employee training and skill enhancement.

Training Metrics 2024 Data
Annual Training Hours per Employee 48 hours
Professional Certification Support $750,000 allocated

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