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Labcorp Completes Acquisition Of Myriad Autoimmune’S Vectra Testing Business

Sep 13, 2021•over 4 years ago

Acquiring Company

Labcorp

Acquired Company

Myriad Genetics

BurlingtonSalt Lake CityHealth CareMedicalHealth CareBiotechnology

Description

Labcorp (NYSE: LH), a leading global life sciences company, today announced that it has closed its acquisition of select operating assets and intellectual property (IP) from Myriad Genetics’ autoimmune business unit, including the Vectra® rheumatoid arthritis (RA) assay.

Company Information

Company

Labcorp

Location

Burlington, North Carolina, United States

About

Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's nearly 70,000 employees serve clients in approximately 100 countries, provided support for more than 75% of the new drugs and therapeutic products approved in 2024 by the FDA, and perform more than 700 million tests annually for patients around the world.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed