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 announce its Q4 2021 and full-year results on February 10, 2022, before the market opens. A conference call is scheduled for 9 a.m. ET on the same day, allowing stakeholders to discuss the financial outcomes. The earnings report and detailed information will be available on the Labcorp Investor Relations website. Additionally, an audio replay of the call will be accessible until February 24, 2022. Labcorp reported $14 billion in revenue for FY2020, with over 70,000 employees serving clients globally.
Labcorp (NYSE: LH) announced that its executive management team will participate in a virtual fireside chat at the 40th Annual J.P. Morgan Healthcare Conference on Tuesday, Jan. 11, at 4:30 p.m. ET. A live webcast will be available on the company's website, providing insights into its operations and strategies. Labcorp is a global life sciences leader, generating $14 billion in revenue in FY2020 and employing over 70,000 staff across more than 100 countries, focusing on diagnostics and drug development.
Labcorp (NYSE: LH) announced a definitive agreement to acquire Personal Genome Diagnostics Inc. (PGDx), a leader in cancer genomics, for $450 million in cash and up to $125 million based on future performance milestones. This acquisition will enhance Labcorp's oncology portfolio and improve access to precision diagnostics globally, supporting better patient outcomes in cancer care. PGDx's innovative liquid biopsy capabilities align with Labcorp's strategic priorities, with projected revenues from PGDx expected to almost double from $22 million in 2021 to $40 million in 2022.
Labcorp (NYSE: LH) has announced a new capital allocation plan, which includes initiatives to enhance shareholder returns. The Board of Directors approved the initiation of a quarterly cash dividend, targeting a payout ratio of 15-20% of adjusted earnings, and authorized a $2.5 billion share repurchase program. Additionally, Labcorp aims to achieve $350 million in savings through process improvements over three years. These actions reflect Labcorp’s commitment to investing in growth areas and innovation.
Labcorp (NYSE: LH) has successfully closed its acquisition of Toxikon Corporation, enhancing its nonclinical development portfolio. This strategic move aims to strengthen Labcorp's presence in the pharmaceutical and biotechnology sectors, especially in Boston, Massachusetts. The acquisition was first announced on November 18, although specific financial details remain undisclosed. Labcorp continues to grow its capabilities in providing essential insights for healthcare advancements, backed by a revenue of $14 billion in FY 2020.
Labcorp (NYSE: LH) and ConcertAI, a leader in AI and real-world data solutions, have announced a collaboration aimed at optimizing precision oncology research. This partnership seeks to improve clinical trial design, enhance patient recruitment, and ensure equitable access to trials. By leveraging ConcertAI’s software and Labcorp’s expertise, they aim to utilize real-world data and AI for more effective oncology trials. The collaboration focuses on diversity in patient recruitment and aims to generate actionable insights for quicker trial execution.
Labcorp (NYSE: LH) is expanding its COVID-19 PCR testing services by offering observed self-collection in over 500 patient service centers (PSCs) nationwide, with plans to increase to over 1,000 sites by mid-December. The service is aimed at asymptomatic individuals, allowing them to collect samples under a phlebotomist's supervision. Testing costs $119, and results are available within 1-2 days. Labcorp has conducted nearly 54 million COVID-19 PCR tests since the pandemic began, playing a crucial role in public health efforts.
Labcorp (NYSE: LH) announced a definitive agreement to acquire Toxikon, a contract research organization specializing in nonclinical testing services. This acquisition is set to enhance Labcorp's nonclinical development portfolio and create a stronger market presence in the Boston area. Toxikon, with annual revenues of approximately $40 million, offers advanced testing and consulting services. The deal is expected to close in Q4 2021, pending regulatory approvals. This strategic move aims to bolster Labcorp’s capabilities in drug and medical device development.
Labcorp (NYSE: LH) will participate in a virtual fireside chat at the Credit Suisse 30th Annual Healthcare Conference on November 9 at 1:00 p.m. ET. A live webcast will be available on Labcorp's Investor Relations website and will be archived for replay. Labcorp is a leading global life sciences company, providing crucial information for healthcare decisions with a revenue of $14 billion in FY2020 and employing over 70,000 individuals worldwide.
Labcorp (NYSE: LH) announced that Dr. Marcia Eisenberg, Chief Scientific Officer, was recognized as one of Fierce Healthcare’s “2021 Women of Influence.” This accolade highlights her significant impact on healthcare innovation, particularly during the COVID-19 pandemic. Under her leadership, Labcorp has conducted over 50 million molecular tests and collaborated with the FDA for Emergency Use Authorization of their COVID-19 testing solutions. Dr. Eisenberg is also noted for mentoring female scientists and advancing healthcare quality globally.