Inotiv provides business updates

Inotiv provided the following business updates: Hillcrest, U.K. expansion project completed; Extension of the maturity date of the $3.7 million OBRC payable note to July 2025. Robert Leasure Jr., President and Chief Executive Officer, commented, “We have substantially completed the Hillcrest, U.K. expansion and improvements, which allows for two new customers with long term contracts, to begin occupying their new space at this facility and for the transfer of our Blackthorn, U.K. operations into Hillcrest. The Hillcrest project has been another significant part of our transformation plan which we initiated in 2022. The transformation has included multiple site closures, significant investments in remaining facilities to support growth, and included investments in infrastructure, animal welfare and safety improvements.”