Issue: Volume XXIX, No. 15 - October 31, 2022

October 31, 2022, Intelligence: Late-Breaking Lab News

Clinical laboratories may soon face increasing pres­sure to test for respira­tory syncytial virus (RSV) now that the public has become aware of the pathogen. Over the past month, there has been an onslaught of media attention on RSV. The coverage has often focused on how this common virus could tag team with influ­enza and SARS-CoV-2 …

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Ravgen Gets $272.5 Million Verdict against Labcorp

CEO SUMMARY: In September, a jury returned a $272.5 million verdict against Labcorp, representing royalties owed to biotech company Ravgen for infringement of its diagnostic genetic test patent. Soon after, Quest Diagnostics settled a similar lawsuit with Ravgen before its trial began. The victories against the two largest commercial labs illustrate the risks of navigating …

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Reports Say Qiagen and Bio-Rad Discussing Potential IVD Merger

More consolidation in the in vitro diagnostics (IVD) mar­ket may soon happen. Bio-Rad Laboratories and Qiagen are reportedly in merger discussions. The Wall Street Journal, which broke the story on Oct. 10, tabbed the potential deal as being worth $10 billion should it go through. Both companies have a global pres­ence and make most of …

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U.S. Hospitals Will Lose Billions of Dollars in 2022

CEO SUMMARY: Hospitals and health systems in most regions of the United States are reporting substantial losses, both in patient care and in the value of their investment portfo­lios. This is inauspicious for the clinical laboratories operated by these hospitals. Hospital-based managers can expect more pressure to cut lab costs continually, even as they must …

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Clinical Laboratory News from North of the Border

In mid-October, Canada’s largest national conference for diag­nostics leaders took place in Toronto. It was their first gathering since the onset of the pandemic and much is happening with healthcare and medical laboratories in our northern neighbor. The Dark Report was there to identify innovative developments that might be useful to our clients and regular …

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