Welcome to our dedicated page for Quest Diagnostics news (Ticker: DGX), a resource for investors and traders seeking the latest updates and insights on Quest Diagnostics stock.
Quest Diagnostics Incorporated (NYSE: DGX) is a medical laboratories company focused on diagnostic testing and diagnostic information services, and its news flow reflects its role across the healthcare ecosystem. The company regularly issues updates on its financial reporting schedule, including announcements about quarterly and full-year results and related conference calls, which are of interest to investors tracking DGX stock and performance trends.
News about Quest Diagnostics also covers participation in major healthcare and investor conferences. For example, the company has announced presentations at events such as the J.P. Morgan Healthcare Conference and Citi’s Global Healthcare Conference, where its leadership discusses strategy, performance and market developments. These appearances provide insight into how the company views its position in the diagnostic testing and information services market.
Quest Diagnostics’ news includes information on collaborations and joint ventures that expand access to laboratory services. Announcements have highlighted a laboratory services joint venture with Corewell Health in Michigan, as well as the ongoing role of Sonora Quest Laboratories, an Arizona-based joint venture between Banner Health and Quest Diagnostics. Such items help readers understand how Quest Diagnostics partners with health systems to deliver regional laboratory services and hospital lab management solutions.
In addition, Quest Diagnostics reports on developments in specialized diagnostics through subsidiaries and collaborations. News has featured Haystack MRD, a minimal residual disease test developed by Haystack Oncology, a wholly owned subsidiary of Quest Diagnostics, including data presentations at scientific meetings and clinical research collaborations. Other coverage has described a strategic collaboration with Octave Bioscience to expand access to the Octave Multiple Sclerosis Disease Activity Test through Quest’s specimen-collection network.
Visitors to the DGX news page can review these types of updates to follow financial communications, strategic partnerships, scientific data presentations and corporate announcements that shape Quest Diagnostics’ activities in the medical laboratories sector.
Quest Diagnostics' new Health Trends study reveals that between 2010 and 2017, positivity rates for chlamydia and gonorrhea among women aged 18-30 surged significantly. The annual positivity rate for chlamydia rose by 18% (from 4.9% to 5.8%), and for gonorrhea, it increased by 33% (from 0.7% to 0.9%). The study, based on nearly 18 million lab results, indicates a shift in infection rates toward older women, suggesting that current screening guidelines may be outdated. It calls for expanded access to testing for women over 24 years old to address rising infection rates.
Quest Diagnostics (NYSE: DGX) is scheduled to present at the Wells Fargo Virtual Healthcare Conference on September 10, 2020, at 1:20 p.m. ET. Executive VP and CFO Mark Guinan will discuss the company's growth strategy and the impact of COVID-19. The presentation will be available via live webcast on the company's investor relations page and archived for later access until October 10, 2020. Quest Diagnostics aims to improve health outcomes with diagnostic insights and is actively engaged in COVID-19 testing efforts.
Quest Diagnostics reports a significant rise in workforce drug positivity, reaching a 16-year high of 4.5% in 2019. This figure marks a 28% increase compared to the historical low of 3.5% recorded between 2010 and 2012. The Midwest shows notable increases in methamphetamine, cocaine, and marijuana positivity rates. The report indicates rising drug-related fatalities, correlating trends with the impact of COVID-19. The findings precede the SAPAA virtual conference on August 25, 2020, suggesting ongoing challenges in workplace safety due to increasing drug misuse.
Quest Diagnostics (NYSE: DGX) has launched a multi-year initiative to tackle health disparities in underserved communities, especially those affected by COVID-19. This initiative, valued at over $100 million, includes donated testing services, educational programs, and partnerships with Federally Qualified Health Centers. Key goals include improving access to COVID-19 testing and raising awareness about diagnostic insights' importance. The effort primarily targets people of color, the elderly, and the homeless across the U.S.
Quest Diagnostics (NYSE: DGX) has declared a quarterly cash dividend of $0.56 per share, scheduled for payment on October 21, 2020. Shareholders of record as of October 6, 2020 will receive this dividend, reflecting the company's commitment to returning value to its shareholders. Quest Diagnostics is a leading provider of diagnostic information services, serving a significant portion of adult Americans and healthcare providers across the U.S. The company also plays a crucial role in COVID-19 testing, contributing to public health efforts.
Quest Diagnostics (NYSE: DGX) has released its Annual Environmental, Social & Governance Report for 2019, highlighting efforts to enhance patient care and community support. Key achievements include expanded consumer health services, partnerships to improve care access, and COVID-19 testing initiatives. The company also focused on reducing its environmental footprint and investing in employee development. The report underscores Quest's commitment to creating a healthier world through its 47,000 employees.
Quest Diagnostics (NYSE: DGX) has successfully completed its acquisition of Mid America Clinical Laboratories (MACL), previously a joint venture partner. Quest now fully owns MACL's Indianapolis laboratory and around 50 patient service centers in Indiana. Additionally, the company provides lab management services for nearly 30 hospitals linked to Community Health Network and Ascension St. Vincent in Indiana. This acquisition enhances the availability of clinical laboratory and pathology services for local patients and healthcare providers.
Quest Diagnostics has unveiled a new automation in genetic sequencing that enhances the accuracy and speed of genetic testing related to inherited diseases, particularly through AncestryHealth, launched on August 3, 2020. This next-generation sequencing (NGS) technology offers a cost-effective solution, achieving 80-90% detection rates for inherited health risks. It significantly improves risk detection for conditions like breast and ovarian cancer compared to traditional methods. The initiative empowers individuals to better understand their health, potentially leading to proactive healthcare decisions.
Quest Diagnostics (NYSE:DGX) announced that the FDA has granted emergency use authorization for a new laboratory method to expedite viral RNA extraction, enhancing COVID-19 testing capacity. This innovation allows five laboratories nationwide to perform 150,000 tests daily, with a goal of reaching 185,000 by Labor Day. The new technique includes specimen pooling, addressing supply issues and increasing turnaround times for 'Priority 1' patients to one day. The company continues to lead in diagnostic testing amid the pandemic.
Quest Diagnostics (DGX) reported second-quarter financial results for 2020, highlighting a 6.4% decline in net revenues to $1.827 billion and a 10.1% drop in income from continuing operations to $185 million, compared to the previous year. The company has reinstated its financial outlook, projecting 2020 net revenues between $8.0 billion and $8.6 billion and EPS in the range of $5.66 to $7.66. Although COVID-19 testing has seen an increase, the overall base testing volume has declined. Quest aims to expand COVID-19 testing capacity while continuing to adapt to the pandemic's challenges.
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