Welcome to our dedicated page for Labcorp Holdings news (Ticker: LH), a resource for investors and traders seeking the latest updates and insights on Labcorp Holdings stock.
Labcorp Holdings Inc. (NYSE: LH) is frequently in the news as a global provider of innovative and comprehensive laboratory services. Company announcements highlight activities across diagnostics, oncology, neurology, consumer testing and biopharma laboratory services, giving investors and healthcare professionals insight into how Labcorp is evolving its business and scientific capabilities.
Recent press releases have covered topics such as quarterly financial results, updated full-year guidance and cash dividends on Labcorp’s common stock. These items show how the company communicates its financial performance, capital allocation decisions and participation in investor conferences and healthcare industry events.
Labcorp’s news flow also emphasizes developments in specialty testing. The company has reported on the expansion of its Plasma Detect molecular residual disease portfolio for monitoring recurrence risk in certain breast, lung and colon cancers, and on clinical studies featuring its MRD technology in journals such as Nature Medicine and Clinical Cancer Research. In neurology, Labcorp has announced plans to offer the Elecsys pTau181 blood test, cleared by the U.S. Food and Drug Administration to aid in the initial assessment for Alzheimer’s disease and other causes of cognitive decline.
Other news items describe collaborations and transactions, including agreements to acquire select outreach laboratory assets from health systems, the sale of select early development medical device testing assets to NAMSA, and partnerships that expand access to at-home testing through Labcorp OnDemand. Governance updates, such as board appointments and executive retirements, are also disclosed through company news.
This page aggregates these types of updates, allowing readers to follow Labcorp’s announcements on clinical testing innovations, oncology and neurology offerings, consumer-focused services, strategic partnerships, financial results and corporate governance.
Labcorp (NYSE: LH) will release its financial results for Q3 2021 before the market opens on October 28, 2021. The company will host a conference call at 9 a.m. ET to discuss the results, accessible via phone or webcast through the Labcorp Investor Relations website. An audio replay will be available from 1 p.m. ET on October 28 to 11:30 p.m. ET on November 11, 2021. Labcorp, a global leader in life sciences, reported $14 billion in revenue for FY2020.
Labcorp (NYSE: LH) has completed the acquisition of select operating assets and intellectual property from Myriad Genetics' autoimmune unit, including the Vectra® rheumatoid arthritis assay. This strategic move enhances Labcorp's leadership in rheumatology. While specific transaction details remain undisclosed, this acquisition is expected to strengthen Labcorp’s diagnostics capabilities, potentially leading to improved patient outcomes and market positioning.
Labcorp (NYSE: LH) announced its executive management team will participate in a virtual fireside chat at the Morgan Stanley 19th Annual Global Healthcare Conference on September 13 at 3:30 p.m. ET. A live webcast will be accessible via the investor relations page on www.Labcorp.com and will be archived for replay. Labcorp is a global life sciences leader, providing vital diagnostic and drug development information, with over 70,000 employees and serving clients in over 100 countries. The company reported $14 billion in revenue for FY2020.
Labcorp (NYSE: LH) has announced an increase in the minimum hourly wage for its U.S.-based, non-union employees to
Labcorp (NYSE: LH) has partnered with Community Clinical Oncology Research Network (CCORN) to tackle disparities in precision medicine for cancer patients. The collaboration includes a patient registry, PREFER, aimed at enrolling up to 2,500 patients with advanced solid-tumor cancer starting September 1, 2021. This registry will collect clinical data to inform future cancer trials, enhancing diversity in oncology research. The joint effort also involves creating a biobank for real-world evidence, crucial for improving patient recruitment and understanding disparities in cancer treatment.
Labcorp (NYSE: LH) has acquired Ovia Health, a digital health platform that assists millions of women with family planning, pregnancy, and parenting. This strategic move aims to enhance Labcorp’s role in women’s health by integrating Ovia's resources to provide personalized care experiences. The acquisition allows Labcorp to leverage Ovia’s digital solutions and health content, promoting better communication between patients and healthcare providers. Ovia Health reported about $20 million in annual revenues and has supported over 15 million family journeys.
Recent data from the National Kidney Foundation and Labcorp reveals that millions of at-risk patients are unaware of life-threatening kidney disease due to insufficient testing. An analysis of over 28 million patients showed that 80.3% did not receive adequate testing as per guidelines. The common eGFR test alone is inadequate for detection. An estimated 37 million adults in the U.S. suffer from kidney disease, with about 90% unaware. Early detection through comprehensive testing is crucial for managing and slowing disease progression.
Labcorp (NYSE: LH) reported strong second-quarter results for 2021, with revenues of $3.84 billion, up 38.7% year-over-year. A significant driver was 46% growth in its base business, reflecting a recovery in healthcare activities. The company raised its full-year guidance after highlighting advancements in diagnostics and drug development, including the acquisition of North Memorial Health's outreach lab. Adjusted EPS increased to $6.13, up from $2.57, while operating cash flow rose to $487.2 million. Labcorp's outlook includes a projected revenue growth of 6.5% to 9.0% for the total enterprise.
Labcorp (NYSE: LH) will release its financial results for Q2 2021 on July 29, 2021, before market open. A conference call will occur at 9 a.m. ET to discuss the results. Interested parties can access this call via dial-in or through a real-time webcast on the Labcorp Investor Relations website. An audio replay will be available from 1 p.m. ET on the same day until August 12, 2021. The company reported a revenue of $14.0 billion in FY2020, highlighting its position as a leader in global life sciences.
Labcorp (NYSE: LH) announces the launch of therascreen KRAS PCR Mutation Analysis, a companion diagnostic test to identify non-small cell lung cancer (NSCLC) patients eligible for LUMAKRAS™ (sotorasib) therapy. Approved by the FDA in May 2021, this test is crucial for directing treatment decisions for the 10-12% of lung cancer patients carrying the G12C KRAS mutation. Labcorp aims to enhance patient access to this innovative testing through collaboration with QIAGEN, contributing to personalized cancer care.
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