Laboratory Corporation of America
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Latest From Laboratory Corporation of America
Public Company Edition: Lexeo raised $100m to advance its genetic medicines. Also, Blue Owl Capital acquired funds managed by Cowen Healthcare Investments, gaining about $1bn in life science assets, BMS priced $4.5bn in notes to fund its Mirati purchase and Viridian raised $185m in a private placement.
Restructuring Edition: FibroGen follows its clinical setback with a 32% reduction in force, cutting 104 jobs. Also, Amarin named a new CEO, but cut all US sales and 30% of non-sales US roles, and 9 Meters is headed for dissolution after Chapter 7 bankruptcy, while several others seek strategic alternatives.
Deal Watch: Sangamo Inks Significant Option Deal With Prevail After Losing Tie-Ups With Novartis, Biogen
Plus deals involving Novartis/DTx, Neurogene/Neoleukin, Travere/Mirum, Sanofi/Scribe, Korro Bio/Frequency, MaxCyte/viTToria and more.
News We’re Watching: Premom Data Privacy Settlement, Labcorp Owes $372m For Patent Violations, Elixir Stent Trial Success
This week, the DC Attorney General announced a settlement with ovulation-tracking app Premom; a novel scoliosis treatment won FDA approval; research showed Fractyl Health’s Rejuva delivery system can deliver gene therapy directly to the pancreas; and BearCare recalled a thermometer over burn risks.
- Contract Research Organization-CRO
- In Vitro Diagnostics
- Laboratory Testing Services
- Medical Devices
- Other Names / Subsidiaries
- Alpha Medical Laboratories
- Covance Inc.
- Colorado Laboratory Services
- Kentucky Laboratory Services
- Medtox Scientific
- Monogram Biosciences
- Mount Sinai Health System Clinical Outreach Laboratories
- MountainStar Clinical Laboratories
- PACLAB Network Laboratories
- Pathology Associates Medical Laboratories
- Personal Genome Diagnostics Inc.
- SensiGen LLC
- Sequenom, Inc.
- Tri-Cities Laboratory
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