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LabCorp

LabCorp

A North Carolina company that focuses on providing physicians with laboratory tests.

Contents
Timeline
Funded Companies
Funding rounds
Products
Associated investment funds
Accelerator batches
People
Further reading
Documentaries, videos and podcasts
Companies
News
References

LabCorp is a North Carolina company that focuses on providing physicians with laboratory tests. Founded 1978 in Burlington, North Carolina, LabCorp's LabCorp Venture Fund invests in venture rounds. Its portfolio companies include PathAI, Navigating Cancer, Boston MicroFluidics, Sandstone Diagnostics, KIYATEC, Mission Bio, ORIG3N, OmniSeq, and Recovery Platform. As of March 2020, LabCorp has made 21 investments. Their most recent investment was on November 4, 2019, when PathAI raised $15M. LabCorp has had two exits, the most notable of which include Flatiron Health and Vivify Health.

Timeline

September 5, 1978
LabCorp was founded.

Funded Companies

Company
Description
Industry
Website
Location
Orig3n

Orig3n is a biotechnology company developing personalized regenerative medicine treatments based on patient genetic profiles.

Biotechnology
Medicine
Healthcare
Tissue engineering
Genetic testing
Regenerative medicine
Stem cell
orig3n.com
Massachusetts
United States
Boston
Flatiron Health

Flatiron Health is a startup that organizes real-time oncology data to help cancer patients and doctors.

Healthcare
Health information technology
Big data
Application programming interface (API)
Life science
flatiron.com
New York City
Ativa Medical

A company developing medical diagnostic products

Biotechnology
Medical diagnostics
ativamed.com
Saint Paul, Minnesota
SynapDx

SynapDx is a Lexington, Massachusetts-based laboratory services company developing blood-based diagnostic tests for the early detection of autism.

Healthcare
Medical diagnostics
synapdx.com
Lexington, Massachusetts
Omniseq

Omniseq is a Buffalo, New York-based diagnostic company developing molecular sequencing and immune profiling for cancer diagnostics.

Oncology
Molecular diagnostics
omniseq.com
Buffalo, New York
Boston Microfluidics

Boston Microfluidics is a Boston-based diagnostic tools company manufacturing blood collection and testing kits founded by Brandon Johnson.

Diagnostic tools
bostonmicrofluidics.com
Boston
Navigating Cancer

Navigating Cancer is a software as a service company founded by Eva Ho.

Software as a service (SaaS)
navigatingcancer.com
7 Results
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Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
‌
Post-IPO Debt
850,000,000
June 4, 2019
1 Result
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People

Name
Role
LinkedIn

Alton Levesque

IT Strategic Director, Enterprise Platform Engineering

Alicia Carter

Vice President, Medical Director and Pathologist

Araceli Reyes

Divisional Medical Director, Northeast Division

Arthur Zebelman

Associate Vice President, Discipline Director, Routine Chemistry

David King

CEO, President, and Chairman Of The Board

Glynn Chaney

Vice President and Director, Medical Drug Monitoring

Horacio Vall

Vice President and Laboratory Director, Center for Esoteric Testing

Steve Anderson

Global Head of Clinical Trials

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Boston MicroFluidics

KIYATEC

Mission Bio

Navigating Cancer

OmniSeq

ORIG3N

PathAI

Recovery Platform

News

Title
Author
Date
Publisher
Description
When offices will safely reopen in 2021, according to LabCorp CEO - Business Insider
Weng Cheong
January 18, 2021
Business Insider
It's important for leaders to acknowledge that every employee will be ready to return to the office at a different time, Adam Schechter said.
Labcorp to help CDC track COVID-19 mutations as new strain spreads in U.S.
Conor Hale
January 8, 2021
FierceBiotech
The CDC has tapped Labcorp to help conduct a large-scale genomic study tracking new mutations in the COVID-19 virus--after a fast-spreading variant, first identified in the U.K., surfaced on U.S. shores.
Global and China Contract Research Organization (CRO) Market Report 2020: Market is Expected to be Worth $69.9 Billion with a YoY Spike of 9% - Forecast to 2026
Research and Markets
December 31, 2020
www.prnewswire.com:443
/PRNewswire/ -- The "China Contract Research Organization (CRO) Industry Report, 2020-2026" report has been added to ResearchAndMarkets.com's offering. In...
Labcorp CEO's advice on leadership during the pandemic - Business Insider
May Teng
December 30, 2020
Business Insider
Since becoming CEO of Labcorp in 2019, Adam Schechter has had to lead the company through the pandemic and facilitate COVID testing.
FDA authorizes first at-home COVID-19 test available without a prescription
Conor Hale
December 10, 2020
FierceBiotech
No search for an open COVID-19 testing center. No waiting in line. No need to even venture outside the house, in fact. That's the promise of LabCorp's Pixel test, which has secured an FDA green light for home delivery without a prescription.
Coronavirus (COVID-19) Update: FDA Authorizes First Direct-to-Consumer COVID-19 Test System
U.S. Food and Drug Administration
December 10, 2020
www.prnewswire.com:443
/PRNewswire/ -- Today, the U.S. Food and Drug Administration authorized LabCorp's Pixel COVID-19 Test Home Collection Kit for use by any individual 18 years...
LabCorp COVID-19 test kit has just been approved for sale over-the-counter
Jonathan Shieber
December 9, 2020
TechCrunch
LabCorp has now become the first company to receive approval to sell its COVID-19 test kit over-the-counter without a prescription, according to a statement form the company. One of the largest diagnostics testing companies in the U.S., LabCorp could be a significant competitor to companies like EverlyWell, which received approvals for its at-home testing kits [...]
Coronavirus (COVID-19) Update: FDA Authorizes First Direct-to-Consumer COVID-19 Test System
December 9, 2020
WebWire
Today, the U.S. Food and Drug Administration authorized LabCorp's Pixel COVID-19 Test Home Collection Kit for use by any individual 18 years and older without a prescription. This product, which is authorized as the first COVID-19 direct-to-consumer (non-prescription) test system, allows an individual to self-collect a nasal swab sample at home and then send that sample for testing to LabCorp. Positive or invalid test results are then delivered to the user by phone call from a health care...
Thousands of U.S. lab results and medical records spilled online after a security lapse
Zack Whittaker
December 1, 2020
TechCrunch
The cloud server contained medical records, lab results, doctor's notes, and insurance claims, but wasn't protected with a password.
Circuit Clinical®, LabCorp, and Riverside Medical Group Collaborate to Expand Clinical Trial Access in New Jersey
BioSpace
November 20, 2020
BioSpace
Circuit Clinical®, a network of physicians and clinical research professionals devoted to and passionate about bringing clinical research to everyone; Riverside Medical Group (RMG), a leading regional medical practice in New Jersey; and LabCorp, (NYSE: LH), a leading global life sciences company, today announced a multi-faceted collaboration
Circuit Clinical®, LabCorp, and Riverside Medical Group Collaborate to Expand Clinical Trial Access in New Jersey
Circuit Clinical
November 20, 2020
www.prnewswire.com:443
/PRNewswire/ -- Circuit Clinical®, a network of physicians and clinical research professionals devoted to and passionate about bringing clinical research to...
How IT enables the COVID testing operation at LabCorp
Martha Heller
October 28, 2020
CIO
Chief information and technology officer, Lance Berberian, on how cloud and data strategy help the $11.5 billion company do science at scale.
LabCorp launches COVID-19 test to track neutralizing antibodies
Conor Hale
June 25, 2020
FierceBiotech
LabCorp is launching a new test for COVID-19 antibodies, specifically targeting those used by the immune system to inhibit the novel coronavirus.
Adaptive Biotechnologies and Microsoft launch groundbreaking ImmuneCODE database to share populationwide immune response to the COVID-19 virus | BioSpace
June 11, 2020
BioSpace
Adaptive Biotechnologies and Microsoft launch groundbreaking ImmuneCODE database to share populationwide immune response to the COVID-19 virus - read this article along with other careers information, tips and advice on BioSpace
LabCorp Launches Website to Connect Patients with COVID-19 Clinical Trials
Mark Terry
June 3, 2020
BioSpace
The company announced its Covance drug development business was launching COVID-19 Clinical Trial Connect in the U.S. to help people find information on taking part in clinical trials related to COVID-19.
LabCorp to work with software provider for virtual clinical trials
Reuters Editorial
May 28, 2020
U.S.
Laboratory Corporation of America Holdings (LabCorp) said on Thursday it was collaborating with software provider Medable to accelerate adoption of virtual clinical trials.
LabCorp to make COVID-19 testing services available at workplaces
Reuters Editorial
May 14, 2020
IN
Diagnostic services provider LabCorp said on Thursday it would make its COVID-19 tests available at workplaces, as employers across the United States look to bring people back to work safely.
LabCorp, Quest broaden availability of COVID-19 tests nationwide
Conor Hale
May 12, 2020
FierceBiotech
The U.S. clinical testing giants Quest Diagnostics and LabCorp are broadening the availability of their COVID-19 diagnostic tests, opening up their use nationwide.
LabCorp slapped with shareholder suit over data breaches
Zack Whittaker
April 30, 2020
TechCrunch
The laboratory giant had two security incidents in as many years.
At-Home Coronavirus-Sample-Collection Kits Aren't Perfect but Could Help Fill Testing Gap
Tanya Lewis
April 24, 2020
Scientific American
Scientific American is the essential guide to the most awe-inspiring advances in science and technology, explaining how they change our understanding of the world and shape our lives.
SHOW MORE

References

labcorp.com
Is a
Venture capital firm
Company

Company attributes

Industry
Biotechnology
Genomics
Healthcare
Drug development
‌
Diagnostic tools
In-vitro diagnostics (IVD)
Location
Burlington, North Carolina
Company status
Active
CEO
‌
David King
Crunchbase
crunchbase.com/organiz...-america
Pitchbook
pitchbook.com/profiles.../41152-24
Legal classification
‌
Public company
Date incorporated
September 5, 1978
CIK number
920,148
Place of incorporation
Delaware
IRS number
133,757,370
Founded date
September 5, 1978
Total funding amount (USD)
850,000,000
Latest funding round date
June 4, 2019
Competitors
Curative
Stock symbol
LH
Stock exchange
New York Stock Exchange
Former CEO
‌
David P. King

Venture Capital Firm attributes

Invested in
PathAI (company)
kiyatec
Mission Bio
Omniseq
Sandstone Diagnostics
Recovery Platform
Navigating Cancer
Boston Microfluidics

Other attributes

Country
United States
Headquarters
Burlington, North Carolina
SIC code
8,071
Wikidata ID
Q6466630

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