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. provides laboratory services spanning diagnostics and drug development laboratory capabilities for doctors, hospitals, pharmaceutical companies, researchers and patients. News about LH commonly covers earnings releases and guidance, dividend declarations, specialty and companion diagnostics, oncology testing, drug-screening products, and collaborations that expand access to advanced laboratory services.
Company updates also address Labcorp's Diagnostics Laboratories and Biopharma Laboratory Services activities, including FDA-cleared or FDA-approved tests, pediatric diagnostics development, real-world data platforms, digital pathology and AI-enabled laboratory operations. Recurring announcements connect Labcorp's national diagnostic infrastructure with health systems, biopharmaceutical customers and technology partners.
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.
LabCorp (NYSE: LH) has partnered with The Commons Project to enhance patient access to lab results through the CommonHealth app. This is the first major commercial lab to integrate with the privacy-focused platform, allowing Android users to securely store and share their health data. Mark Wright, LabCorp's VP, emphasized the need for easier access to health information, particularly in the evolving landscape of healthcare. The partnership aims to empower patients to manage their health data while maintaining strict privacy controls.
LabCorp (NYSE: LH) has launched its Oncology Care Module, designed to enhance patient outcomes and reduce costs in oncology practices. This exclusive tool integrates clinical and claims data through the LabCorp Care Intelligence™ application, improving access to vital metrics. The module supports value-based care by providing real-time insights, enabling clinicians to optimize treatments and manage costs effectively. It also identifies candidates for clinical trials, further bolstering LabCorp's commitment to advancing cancer care.
LabCorp (NYSE: LH) and CLEAR have partnered to enhance health safety through the Health Pass mobile app. This integration allows users to securely link their LabCorp test results via their LabCorp Patient account. By doing so, Health Pass users can verify COVID-19-related health information, easing access to public spaces. LabCorp has conducted over 15 million COVID-19 tests, underscoring its expertise. The collaboration aims to improve safety for returning to work and public venues by providing discreet health status verification without exposing personal health details.
LabCorp (NYSE: LH) has received Emergency Use Authorization from the FDA for a new high-throughput method that extracts RNA for COVID-19 testing, enhancing testing speed and efficiency. This innovative method reduces reliance on reagents and improves turnaround time for results, currently averaging 24 hours. Additionally, LabCorp earned EUA for matrixed pooling of samples collected via at-home kits, increasing testing capacity. The company has conducted over 15 million tests and can process 200,000 tests per day, marking a significant step in managing the pandemic.
LabCorp (NYSE: LH) has entered a multi-year partnership with Infirmary Health, Alabama's largest non-governmental health care system, to provide laboratory services across the eastern Gulf Coast. This collaboration aims to enhance lab management, phlebotomy, and logistics, focusing on improving testing turnaround times and expanding COVID-19 testing capabilities. LabCorp will leverage its resources to support Infirmary Health's recent lab transformation efforts, bringing new instruments online and increasing lab staffing to elevate patient care quality in the region.
LabCorp (NYSE: LH) will announce its third quarter 2020 financial results on October 27, 2020, before market opening. A conference call will follow at 9:00 a.m. EDT for discussion of results. Interested parties can join via phone or real-time webcast. The financial report and details will be available on the LabCorp Investor Relations website. The company, recognized as a leading global life sciences entity, reported revenues exceeding $11.5 billion in 2019.