The federal Environmental Protection Agency extended its contract with Caliper Life Sciences for its ToxCast project.
The program, which has added about $3.5 million to Caliper’s top line since it began the contract in 2007, is an effort to reduce costs and increase the efficiency of the regulatory approval process for new chemicals.
ToxCast has Caliper helping the EPA develop new lab approaches to identify environmentally toxic chemicals. Its first phase involved assessing overall data quality and determining if the data could accurately predict toxicity profiles.
Caliper officials said their initial data analysis showed that the goals for high quality data and potential predictive power were met. That likely means the project will move into its second phase during the third quarter — meaning another $3 million in revenues for the Hopkinton firm this year, they said.