Labcorp
↗Burlington, North Carolina, USA
Labcorp is a leading global life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. The company operates through two primary segments: Labcorp Diagnostics, which provides a comprehensive menu of diagnostic tests, and Labcorp Biopharma Laboratory Services, which offers end-to-end drug development support including central labs and early-stage clinical trials.
Following the 2023 spin-off of its late-stage clinical development business (now Fortrea), Labcorp has refocused on its core laboratory and diagnostic strengths. It maintains a massive global footprint, performing over 600 million tests annually and supporting the development of a vast majority of FDA-approved therapeutics.
CLASSIFICATION
SIZE & FINANCIALS
Employees:10000+
Revenue:$13B-$14B
Founded:1978
Ownership:public
Status:operating
FUNDING
Stage:Public
Investors:Vanguard Group, BlackRock, State Street Global Advisors
STOCK
Exchange:NYSE
Ticker:LH
Market Cap:$23.0B
PIPELINE
Stage:Commercial
Lead Drug Stage:N/A (Service Provider)
Modalities:Small molecule, mAb, Cell therapy, Gene therapy, RNA, Vaccines
Active Trials:5000
Trial Phases:Phase 1: 1200 | Phase 2: 1800 | Phase 3: 1500 | Phase 4: 500
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Subsidiaries:Labcorp Diagnostics, Labcorp Biopharma Laboratory Services, Personal Genome Diagnostics (PGDx), Toxikon Corporation
Key Partnerships:Lunit (AI-powered digital pathology), Fujirebio (Alzheimer's biomarker testing), Tufts Medicine (Laboratory services management), Inspira Health (Hospital lab management)
COMPETITION
Position:Leader
Competitors:Quest Diagnostics, IQVIA, ICON plc, Charles River Laboratories, Eurofins Scientific
LEADERSHIP
Key Executives:
Adam H. Schechter - Chairman, President and CEO
Julia Wang - EVP and Chief Financial Officer
Megan Bailey - EVP and President, Central Laboratory Services
Board Members:Adam Schechter, John H. Sampson (Appointed Feb 2026), Victor Bulto, Jeffrey A. Davis
LINKS
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