Inotiv, Breeder of Laboratory Animals, Files For Bankruptcy

Inotiv Inc., a key supplier of laboratory animals like dogs and monkeys for drug testing, has filed for bankruptcy due to stricter regulations on its US canine farms and increased tariffs on primates imported from China. This development highlights the financial pressures faced by companies supplying animals for research, which can have broader implications for pharmaceutical and biotech industries relying on such resources. The situation underscores the complex balance companies must maintain between regulatory compliance and operational costs.