Exhibit 99.2


                          LIFE SCIENCES RESEARCH, INC.

                     SENIOR OFFICER AND FINANCIAL PERSONNEL
                                 CODE OF ETHICS


SPECIAL  OBLIGATIONS FOR SENIOR OFFICERS AND EMPLOYEES WITH FINANCIAL  REPORTING
AND RELATED RESPONSIBILITIES

As a public company,  it is of critical importance that filings by Life Sciences
Research,   Inc.  ("LSR"  or  the  "Company")  with  all  applicable  securities
regulatory  agencies,  including  the  Securities  and Exchange  Commission,  be
accurate,  complete and timely.  Depending upon an employee's position with LSR,
employees may be called upon to provide information to assure that the Company's
public reports and other public  communications  are accurate,  complete,  fair,
understandable  and timely.  LSR expects all employees involved in the financial
reporting and disclosure process to take this  responsibility very seriously and
to provide prompt and accurate  answers to inquiries  related to LSR's financial
statements and public disclosure requirements.

LSR's Senior  Officers and employees  involved with  financial  reporting bear a
special responsibility for promoting integrity throughout the organization, with
responsibilities to stakeholders both inside and outside of the Company.

Because of these  responsibilities,  LSR's Chief Executive  Officer,  President,
Chief Financial Officer, and all other employees involved in financial reporting
are  bound by this  Senior  Officer  and  Financial  Personnel  Code of  Ethics.
Accordingly, each such person agrees that he or she will:

o    Act with honesty and integrity, including the ethical handling of actual or
     apparent   conflicts  of  interest   between   personal  and   professional
     relationships.

o    Provide information that is accurate, complete, objective, relevant, timely
     and  understandable  to  ensure  fair,  accurate,   complete,   timely  and
     understandable  disclosure in all reports and documents that LSR files with
     or  submits  to the  Securities  and  Exchange  Commission  and  all  other
     government and regulatory agencies.

o    Comply with rules and regulations of federal,  state, and local governments
     and applicable public and private regulatory agencies or bodies.

o    Act in good faith,  responsibly,  with due care,  competence and diligence,
     without  misrepresenting  any  material  facts  relating to LSR or allowing
     one's independent judgment to be subordinated or compromised.

o    Respect the confidentiality of information  acquired in the course of one's
     work, duties and responsibilities with the Company,  except when authorized
     or otherwise legally obligated to disclose such information.

o    Ensure that confidential  information acquired in the course of one's work,
     duties and responsibilities will not be used for personal advantage.

o    Share knowledge and maintain  professional skills important and relevant to
     the needs of one's work,  duties and  responsibilities  and to one's fellow
     employees, other constituencies and stakeholders, and to the Company.

o    Proactively  promote the highest principles of honesty and integrity and be
     an example of ethical behavior as a responsible  employee within one's work
     environment.

o    Protect the Company's assets and resources and help achieve the responsible
     use and control of all Company  assets and resources  employed or entrusted
     in relation to one's work, duties and responsibilities, and ensure that all
     Company  assets  and  resources  are  used  only  for  legitimate  business
     purposes.

o    Promptly report to your manager, Chief Financial Officer,  and/or the Chair
     of the Audit  Committee  of LSR's Board of  Directors  any conduct that one
     believes to be a violation of any applicable  law,  regulation or standards
     of business ethics or conduct.

Violations of this Senior Officer and Financial Personnel Code of Ethics will be
viewed as a severe  disciplinary  matter that may result in  appropriate  action
taken  against a person who has violated  this Code,  including  termination  of
employment.

LSR will handle all  inquiries  discretely  and make every  effort to  maintain,
within  the limits  allowed by law,  the  confidentiality  of anyone  requesting
guidance  or  reporting  questionable  behavior.  If  you  are  concerned  about
maintaining  anonymity  in  reporting  any such  violations,  you may report any
violation  of this Code of Ethics by calling the  Company's  Reporting  Hotline,
1-732-790-7332.

It is against  LSR's  policy to take any action  against any employee for his or
her reporting in good faith any  violation of this Senior  Officer and Financial
Personnel Code of Ethics.




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