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.
Summary not available.
Quest Diagnostics (DGX) reported preliminary financial results for Q2 2020, revealing a revenue estimate of $1.83 billion, down 6% year-over-year. The number of requisitions fell 18%, and base testing volumes (excluding COVID-19 tests) declined 34%. Diluted EPS from continuing operations is projected between $1.33 and $1.36, down from $1.51 in 2019. The company received $65 million from the CARES Act, which influenced financials. The final results will be reported on July 23, 2020.
Quest Diagnostics' recent Health Trends™ study conducted with UPMC shows that the HPV screening test is significantly less effective in detecting cervical cancer than cotesting, which combines HPV and Pap tests. Analyzing nearly 19 million results from women aged 30 and older, the study finds that HPV testing alone misses 28.4% of cervical cancers. In contrast, cotesting detects 86.9% of cases. The research emphasizes the importance of cotesting in reducing cervical cancer mortality rates, which remain high despite advancements in screening methods.
Summary not available.
Summary not available.
Quest Diagnostics (NYSE: DGX) announced a definitive agreement to acquire its joint venture partners' interests in Mid America Clinical Laboratories (MACL), the largest independent clinical lab provider in Indiana. This all-cash equity transaction aims to optimize diagnostic service delivery in the state. Following the acquisition, Quest will wholly own MACL's Indianapolis lab and about 50 patient service centers. The deal also includes long-term agreements for hospital lab services. Completion is expected in Q3 2020, pending regulatory review.