Fortrea Holdings Inc

FTRE: XNAS (USA)

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Fortrea CEO Resigns as Ongoing Macro Headwinds Continue to Affect Near Term

Rachel Elfman

May 12, 2025

Business Strategy and Outlook

Fortrea is a global, late-stage contract research organization that provides comprehensive phase 1 through phase 4 clinical trial management, clinical pharmacology, and patient access solutions. Fortrea has a lengthy 30-year history dating to the 1990s, originally part of Corning's pharmaceutical services business. In 1997, Corning spun off this segment, which was named Covance. In 2015, Laboratory Corp. of America acquired Covance for $6.1 billion.

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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

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Fortrea Holdings Inc

Fortrea CEO Resigns as Ongoing Macro Headwinds Continue to Affect Near Term

Business Strategy and Outlook

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