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Laboratory Corporation of America Holdings (LH.N)

LH.N on New York Stock Exchange

169.53USD
15 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Labcorp Issued Statement On District Court Opinion In Acla Lawsuit Against HHS
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Laboratory Corporation of America Holdings ::LABCORP STATEMENT ON DISTRICT COURT OPINION IN ACLA LAWSUIT AGAINST HHS.LABCORP - ISSUED STATEMENT REGARDING COURT DECISION TO DISMISS LAWSUIT TO HALT IMPLEMENTATION OF DAMAGING CUTS TO MEDICARE REIMBURSEMENT FOR LAB TESTING.LABCORP - EVALUATING OPTIONS ALONGSIDE INDUSTRY ASSOCIATION ACLA & COLLEAGUES TO "HELP PROTECT MEDICARE BENEFICIARIES' CONTINUED ACCESS TO NEEDED LAB TESTING".  Full Article

LabCorp Launches Proprietary UltraQual Multiplex PCR Assay For HCV, HIV-1, HIV-2 And HBV
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Laboratory Corporation of America Holdings ::LABCORP LAUNCHES PROPRIETARY ULTRAQUAL® MULTIPLEX PCR ASSAY FOR HCV, HIV-1, HIV-2 AND HBV.LABCORP - RECEIVED APPROVAL FROM U.S. FDA FOR ULTRAQUAL MULTIPLEX PCR ASSAY FOR HCV, HIV-1, HIV-2 AND HBV FOR SCREENING OF DONATED BLOOD PLASMA.  Full Article

UnitedHealthcare Renewed Strategic Partnership With LabCorp
Thursday, 24 May 2018 

May 24 (Reuters) - Laboratory Corporation of America Holdings ::UNITEDHEALTHCARE ESTABLISHES LONG-TERM STRATEGIC PARTNERSHIP WITH LABCORP.LABCORP - CO, UNITEDHEALTHCARE HAVE RENEWED THEIR LONG-TERM STRATEGIC PARTNERSHIP.  Full Article

Eurofins Scientific Acquires LabCorp's Food Testing And Consulting Business
Monday, 30 Apr 2018 

April 30 (Reuters) - EUROFINS SCIENTIFIC SE ::ACQUISITION OF LABCORP’S FOOD TESTING AND CONSULTING BUSINESS.TRANSACTION EXPECTED TO CLOSE IN Q3 OF 2018.AGREED ACQUISITION PRICE IS US$670M ON A CASH FREE DEBT FREE BASIS.  Full Article

Labcorp announces new expanded use for PD-L1 test with Bristol-Myers Squibb's Opdivo
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Laboratory Corporation Of America Holdings :Labcorp announces new expanded use for PD-L1 test with Bristol-Myers Squibb's Opdivo®.Laboratory Corporation Of America Holdings - ‍announced U.S. availability of PD-L1 ihc 28-8 pharmdx assay as complementary diagnostic for 2 indications in connection with use of Opdivo​.  Full Article

Labcorp - Co,‍ Capital Health announced that they have entered into a laboratory partnership​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Laboratory Corporation Of America Holdings :Labcorp - Co,‍ Capital Health announced that they have entered into a laboratory partnership​.  Full Article

LabCorp reports Q3 adjusted earnings per share of $2.46
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Laboratory Corporation Of America Holdings :LabCorp announces record third quarter results and increases 2017 guidance.Q3 adjusted earnings per share $2.46.Q3 earnings per share $1.74.Q3 revenue $2.6 billion versus I/B/E/S view $2.55 billion.Q3 earnings per share view $2.39 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $9.40 to $9.60.LabCorp - ‍backlog for covance drug development at end of quarter was $6.84 billion, which includes backlog from Chiltern acquisition of $1.0 billion ​.LabCorp - ‍expects approximately $2.7 billion of backlog in covance drug development to convert into revenue in next twelve months​.LabCorp - ‍sees 2017 free cash flow increased to $970 million to $1,010 million, up 8% to 13% over 2016​.LabCorp sees ‍for 2017 net revenue growth of 8.0% to 8.5% over 2016 net revenue of $9.44 billion​.FY2017 earnings per share view $9.50, revenue view $10.10 billion -- Thomson Reuters I/B/E/S.LabCorp says "‍revenue growth" in quarter "was negatively impacted by approximately 0.7% due to multiple hurricanes during quarter​".  Full Article

Walgreens, Labcorp collaborate to bring patient service centers for laboratory testing to select Walgreens stores
Wednesday, 28 Jun 2017 

June 28 (Reuters) - Walgreens Boots Alliance Inc: :Walgreens and Labcorp collaborate to bring patient service centers for laboratory testing to select Walgreens stores.Walgreens Boots Alliance Inc - seven service centers planned to open at Walgreens stores in 2017.  Full Article