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Company intelligence / Profile preview
Labcorp
Burlington, North Carolina, United Stateslabcorp.com ↗
- Ownership
- Public · LH
- Employees
- ~60000
- Development stage
- Commercial
01
Overview
Labcorp operates one of the world’s largest clinical laboratory networks. It processes over 160 million tests per year and provides both routine and specialty diagnostics. Its biopharma division supported approximately 84% of new FDA-approved drugs/therapeutic products in the U.S. in recent years. The company was instrumental during COVID‑19 with high-volume SARS-CoV‑2 test processing and at-home collection kits. Recent acquisitions have expanded its capabilities into genomics and non-clinical CRO services.
- Therapeutic areas
- Other
- Modalities
- Diagnostic testing (including molecular diagnostics and genomic testing)Not directly a therapeutic developer; does not develop drugs or biologics as products but supports their development through clinical trials and laboratory services
- Industry
- Molecular Diagnostics
02
Partnerships
Agreements with Ascension health system to manage hospital labspartnerships with pharmaceutical/biotech companies for clinical trial supportcollaborations with device manufacturers for diagnostic development
03
Financials
- Market cap
- $29.5B
- Total revenue
- $14B
- Enterprise value
- $36B
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