Labcorp, Quest Issue Q1 Earnings, Offer Comments on FDA’s LDT Rule

BOTH LABCORP, BURLINGTON, N.C., AND QUEST DIAGNOSTICS, SECAUCUS, N.J., reported strong financial performance during the first quarter (Q1) of 2024. Base business—diagnostics excluding COVID-19 testing—jumped about 6% during Q1 as compared to base business in Q1 2023. Here is an overview of their financial results as well as key Q1 accomplishments. LABCORP: Grows Q1 …

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Labcorp, Quest Issue Q1 Earnings, Offer Comments on FDA’s LDT Rule

Both clinical lab companies benefited from acquisitions of independent lab firms and hospital outreach labs

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