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Posts tagged “LabCorp”

December 5, 2013

Premium Lock LabCorp breast cancer test faces patent infringement claim from Myriad Genetics

DNA       Myriad Genetics, the company that went all the way to the U.S. Supreme Court seeking patents on human genes, now claims LabCorp's new genetic tests for breast cancer infringe on its patents. Read more about the suit.

October 29, 2013

Premium Lock Former Intersouth exec Garheng Kong joins board at LabCorp

Garheng Kong, a former partner at venture capital firm Intersouth Partners in Durham, is the newest member of the board at lab testing giant LabCorp.

Garheng Kong Garheng Kong

October 18, 2013

Premium Lock LabCorp CFO Hayes to retire in 2014

LabCorp After 17 years at LabCorp, CFO Brad Hayes plans to retire from the laboratory testing and diagnostics company next year.

August 8, 2013

Premium Lock LabCorp laying off 200 in California

LabCorp The layoffs affect workers at LabCorp locations in Irvine, Calif. and Los Angeles.

July 19, 2013

Premium Lock Higher costs cut into LabCorp's 2Q profit

LabCorp Despite posting revenue gains, LabCorp's profit was hurt by rising costs.

April 19, 2013

Premium Lock LabCorp's earnings, revenue fall shy of analyst estimates

LabCorp LabCorp said that margins were negatively affected by weather, Medicare payment reductions and the number of days in the quarter.

Updated April 2, 2013

Premium Lock LabCorp lands five-year biomarker test deal with Squibb

LabCorp The lab testing giant signs a contract for services and biomarker testing with Bristol-Myers Squibb. LabCorp also says it is expanding tests related to inflammatory bowel disease.

February 8, 2013

Premium Lock LabCorp launching $1B share buyback program

LabCorp LabCorp, the lab testing giant, said Friday it is launching a $1 billion share buyback program.

October 12, 2012

Premium Lock Former LabCorp CEO, chairman to retire from board

LabCorp Thomas Mac Mahon, chief executive officer at LabCorp for a decade who then became the firm;s chairman, is retiring from the board of directors.

August 21, 2012

Premium Lock LabCorp plans to sell $1 billion in bonds

LabCorp The lab testing firm, which earlier this month was the subject of leveraged buyout rumors on Wall Street, is selling bonds in two $500 million packages.

Updated August 2, 2012

Premium Lock LabCorp denies any knowledge of a possible buyout

LabCorp The lab testing firm, which is based in Burlington, says it is "aware" of possible buyout talk but says it's "not in current discussions."

June 5, 2012

Premium Lock LabCorp nears $2B in deals as acquisition binge continues

The Burlington-based company's latest deal - $241 million for Medtox Scientific - is just the latest in a series of acquisitions made over the past three years.

Timeline tracks LabCorp's history, growth Timeline tracks LabCorp's history, growth

June 4, 2012

Premium Lock LabCorp to acquire testing services firm in $241M deal

LabCorp Burlington-based Laboratory Corporation of America agrees to buy Medtox Scientific in an all-cash deal worth $241 million.

May 24, 2012

Premium Lock LabCorp to develop new lupus inflammation

LabCorp Burlington-based LabCorp will work with XDx to develop a biomarker and commercialize a test for the flares -- extended periods of activity for the autoimmune disease. Lupus causes the body's immune system to attack its own tissues, which leads to inflammation and organ damage.

April 5, 2012

Premium Lock LabCorp licenses new Alzheimer's disease diagnostic

Alzheimer's  Alzheimer's disease affects more than five million people in the United States and more than 35 million worldwide. There are no specific tests available to detect Alzheimer's disease and track its progression. Diagnosis is currently conducted by behavioral and cognitive measurements.

Updated February 13, 2012

Premium Lock Tech news: Alien Skin, SciQuest, DataFlux, LabCorp, Verizon Wireless

Local Tech Briefs Alien Skin's latest software; SciQuest lands new customer; DadaFlux launches "Learning Café;" LabCorp revenue climbs; Verizon's 4G plans in NC.

December 22, 2011

Premium Lock $1B credit facility for LabCorp

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

Tags: LabCorp
December 16, 2011

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

LabCorp 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.

December 8, 2011

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

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

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The Skinny: A Blog by Rick Smith