regulatory
confidence high
sentiment negative
materiality 0.75
Inotiv's primary NHP supplier employees criminally charged with illegal import conspiracy
Inotiv, Inc.
- USAO-SDFL charged employees of Inotiv's main NHP supplier and two Cambodian officials with conspiracy to illegally import NHPs from Dec 2017 to Jan 2022.
- Seven specific NHP imports between Jul 2018 and Dec 2021 are cited in the charges.
- Inotiv previously disclosed grand jury subpoenas to OBRC and EGSI (acquired companies) regarding NHP imports.
- Inotiv states it has been and will continue to fully cooperate with the USAO-SDFL.
- The criminal charges raise risk of supply disruption for non-human primates, a key input for Inotiv's contract research services.