Despite Big Write-offs, Quest & LabCorp Report Strong First Quarters

The first quarter of the year looked pretty good for the two national laboratories, as Quest Diagnostics reported strong revenue growth and LabCorp began reaping the benefits of its huge acquisition … [Read more...]

Veracyte Obtains $40 Million in a Private Placement

Veracyte, the California-based lab that focuses on genomic tests to help make clearer decisions for lung, thyroid and other forms of cancer, has raised $40 million in a private placement. The company … [Read more...]

Quest, Quintiles Will Create Clinical Trials Joint Venture

Quest Diagnostics and Quintiles have joined forces to create a clinical trials laboratory services arm with a global reach. The New Jersey-based Quest, the nation’s largest national laboratory, and … [Read more...]

Claritas Raises $15 Million in Funding

Claritas Genomics, the Massachusetts-based molecular lab that focuses on pediatric diagnostics, has received $15 million in second round funding to expand its operations. The capital infusion came … [Read more...]

Inside the Lab Industry: Uncertainty Slowed M&A Activity During 2012; Caution Expected to Continue in 2013

The year 2012 was filled with uncertainty about reimbursement, taxes, and a variety of other issues that impacted the laboratory sector. And as a result, lab mergers and acquisitions slowed … [Read more...]

LabCorp, Quest CEOs Bullish on Future Growth

The annual J.P. Morgan Healthcare Conference held in San Francisco earlier this month offers the high finance equivalent of speed dating—placing companies face-to-face with venture capital firms and … [Read more...]

Industry Buzz: Sonic Launches Hospital Lab Initiative

Sonic Healthcare USA, based in Austin, Texas, is attempting to capitalize on a shift in the way health care systems manage their laboratory business, launching a new initiative intended to assist … [Read more...]

Inside the Lab Industry: Are Quest and LabCorp Headed in the Same Direction? Growth Slowing at Two Largest National Labs

It’s a tale of two national labs, but their numbers suggest similar rather than unique challenges.Both Quest Diagnostics and LabCorp—the nation’s number one and two laboratories in terms of revenue … [Read more...]

PerkinElmer Reports Strong Profits for 2012

PerkinElmer reported strong profit and revenue growth for 2012 and expects to see greater expansion of its human health division—which includes laboratory services—during 2013. The Waltham, … [Read more...]

Inside the Lab Industry: Two Pathology Practices, Two Routes to the Future

To go it alone or to merge? That question, more than any other, seemed to hang over G2 Intelligence’s annual Pathology Institute.The attendees at the two-day gathering in Fort Lauderdale, Fla., Feb. … [Read more...]