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CRO peers lower after Medpace earnings, comments on cancellations

Shares of Contract Research Organizations including Icon plc (ICLR), Fortrea (FTRE) and Charles River Labs (CRL) are trading lower after peer Medpace (MEDP) reported earnings last night and spoke to “a higher level cancellations overall” in Q4. Shares of Medpace are down $66.26, or 12%, to $464.09 in morning trading.

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