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flag ClearBridge exited Charles River Labs due to growth concerns, competition, and reduced pharma R&D spending.

flag ClearBridge Investments Growth Strategy exited its position in Charles River Laboratories International (CRL), citing concerns over the company's long-term growth prospects and shifting market dynamics in the preclinical research services sector. flag The firm noted increasing competition, regulatory pressures, and a slowdown in pharmaceutical R&D spending as key factors influencing the decision. flag While CRL remains a major player in its industry, ClearBridge concluded that the stock’s valuation no longer aligned with its growth expectations. flag The move reflects a broader reassessment of biotech service providers amid evolving industry conditions.

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