WRAL Tech Wire

$1B credit facility for LabCorp

LabCorp said it has set $1 billion in credit in an arrangement with Bank of America.

LabCorp finally closes on $85M acquisition of DNA testing firm

Laboratory testing and diagnostics firm LabCorp has secured the greater than 90 percent of shares in Orchid that allowed the company to proceed with a short-form merger, meaning the deal could go through without a shareholders meeting.

FTC approves LabCorp's $85.4M deal for DNA testing firm

However, as part of the deal LabCorp must sell paternity testing business done for U.S. government to another firm.

Will personalized medicine deliver on its promises?

There is no shortage of companies angling for financial backing of new therapies and diagnostics in personalized medicine. But will challenges of regulations, reimbursements, costs and technical requirements be overcome?

Newsmakers: SciQuest, ChannelAdvisor, LabCorp, Bayer CropScience, Red Hat

SciQuest wins Texas hospital business; ChannelAdvisor adds 26 auto dealers; LabCorp extends Orchid Cellmark offer; Bayer CropScience names new exec; Red Hat Summit seeks papers.

LabCorp faces Medicare, Medicaid billing probe

Senators ask the company to provide information about discounted or below cost lab services offered to managed care organizations and payers in exchange for referrals of other laboratory testing business to LabCorp.

LabCorp extends again its offer for shares in Orchid Cellmark

Making headlines: LabCorp, SciQuest, Synexcis, Precision

LabCorp extends stock offer; Synexcis signs reseller; SciQuest joins two trade groups; Precision BioSciences files patent suit.

LabCorp strikes testing services deal with Murdoch Research Institute

The lab testing giant's clinical trials services group will work with the Murdock group at the N.C. Research Campus to develop new diagnostics, biomarker assays.

LabCorp shares fall 3% despite beating Street estimates

LabCorp extends $85.4M buyout offer; Barclays Bank picks SAS for expansion; Li-ion Motors secures $2M loan

LabCorp extends - again - its $85.4M buyout offer for DNA testing firm

LabCorp extends $85.4M buyout offer for DNA testing firm

LabCorp to acquire lab firm focusing on clinical trials

Burlington-based Laboratory Corporation of America says it has agreed to buy Canada-based Clearstone Central Laboratories.

FTC questions delay LabCorp's acquisition of DNA testing firm

The Burlington-based lab testing firm says the Federal Trade Commission has asked for more information about the deal.