Labcorp Holdings Inc Stock Price, News & Analysis

Labcorp (NYSE: LH) announced that its Pixel by Labcorp™ At-Home COVID-19 Collection Kit is now available through Walgreens Find Care®. This digital health platform assists users in accessing COVID-19 testing services easily. Patients can initiate testing by completing a survey, and kits are shipped for self-collection, with results available online. Labcorp aims to provide convenient health services and enhance access to testing amid the COVID-19 pandemic, which is crucial for informed health decisions.

LabCorp (NYSE: LH) has received FDA Emergency Use Authorization for the Pixel by LabCorp COVID-19 Test Home Collection Kit, marking it as the first over-the-counter kit without a prescription requirement. This enables broad distribution through retail channels, enhancing access to COVID-19 testing. The kit allows self-collection in a private setting, minimizing virus transmission, and results are securely delivered via the Pixel portal. LabCorp aims to empower users to make informed health decisions and reduce the spread of COVID-19.

LabCorp (NYSE: LH) will participate in a virtual fireside chat at the 3rd Annual Evercore ISI HealthCONx Conference on December 3 at 1:50 p.m. ET. The discussion will be streamed live on the company's website and will also be available for replay. LabCorp is an S&P 500 company dedicated to advancing health and patient care. In 2019, the company reported revenues of over $11.5 billion, providing extensive clinical laboratory and drug development services. For further information, visit www.LabCorp.com.

LabCorp (NYSE: LH), Circuit Clinical®, and Riverside Medical Group (RMG) announced a collaboration to enhance clinical trial access for RMG patients in New Jersey. The partnership will allow patients to participate in trials for new treatments within their own doctor's office. The initiative includes the opening of a dedicated research site operated by Circuit Clinical®, marking its first expansion beyond New York. This collaboration aims to expedite the enrollment of patients in clinical trials, particularly in areas like oncology and COVID-19.

LabCorp (NYSE: LH) will participate in a virtual fireside chat at the 29th Annual Credit Suisse Virtual Healthcare Conference on Monday, Nov. 9, at 8:00 a.m. ET. This event will feature members of the executive management team discussing key topics in healthcare. A live audio webcast of the presentation will be available on www.LabCorp.com and will be archived for later access. As a leading life sciences company, LabCorp is dedicated to improving health and advancing patient care, reporting over $11.5 billion in revenue in 2019.

LabCorp (NYSE: LH) reported third-quarter results for 2020, achieving $3.90 billion in revenue, up 33% from the previous year. Growth was driven by a 32.6% contribution from COVID-19 testing, with organic revenue increasing 31.5%. Operating income surged to $1.05 billion, representing 26.9% of revenue, and diluted EPS rose to $7.17, reflecting a strong recovery in routine medical care. Despite challenges, the company did not provide 2020 guidance due to ongoing pandemic uncertainties.

LabCorp (NYSE: LH) has unveiled new capabilities aimed at enhancing the clinical trial experience, particularly through its drug development division, Covance. The company emphasizes decentralization in clinical trials, intending to improve patient access, streamline processes, and elevate data quality. Recent acquisitions of GlobalCare and snapIoT contribute to a fully integrated platform that reduces administrative burdens and speeds up trial implementation. By the end of 2021, LabCorp anticipates that most studies will incorporate decentralized components, further transforming drug development.

LabCorp (NYSE: LH) has announced an agreement to extend its long-standing partnership with Swedish, the largest nonprofit healthcare system in the Puget Sound region, for laboratory services. This renewal enhances their collaborative efforts, particularly highlighted during the COVID-19 pandemic, where LabCorp was pivotal in providing rapid testing. The new framework aims to improve quality and cost-effective strategies for lab services, utilizing data for appropriate testing. Additionally, Swedish will continue to participate in clinical studies for new therapies in conjunction with Covance Drug Development.

LabCorp (NYSE: LH) has launched the Cov2Quant™ IgG test, providing a quantitative measurement of SARS-CoV-2 IgG antibodies for clinical trials and research. This test enhances understanding of immune responses to COVID-19 compared to existing qualitative tests. The Cov2Quant IgG test is utilized by pharmaceutical companies and the CDC for evaluating vaccine performance and seroprevalence studies, respectively. With a testing capacity of 300,000 antibody tests per day, LabCorp continues to play a crucial role in COVID-19 diagnostics and treatment developments.