Labcorp Holdings Inc - Company Profile
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Business Description
Labcorp Holdings Inc (Labcorp), formerly Laboratory Corporation of America Holdings, is an innovative and comprehensive laboratory services company. The company offers its services to doctors, hospitals, pharmaceutical companies, researchers, and patients. Labcorp offers various services and products, including strategic consulting, biomarker strategy and development, regulatory strategic planning, and commercialization products. The company provides companion diagnostic development, sponsored tests, and clinical trials. It also offers asset investment and exit strategies through its Marketplace platform and Labcorp Venture Fund.
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R&D Overview
Labcorp is actively engaged in the development of new tests. The company is continuously investing in new testing technologies and advanced testing capabilities, focusing on drug development, medical devices, and companion diagnostics (CDx) development solutions. The company supports early-stage research to clinical development, along with crop protection and chemical testing. As of December 2025, the company is involved in approximately 1,000 studies and has introduced 130 new tests. Labcorp's R&D activities are managed by several specialized unit such as active diagnostics and therapeutics research division, which is responsible for producing studies, articles, and presentations, and launching new test; early development research laboratories, which focuses on lead optimization, analytical services, safety assessment, and chemistry manufacturing services; central laboratory services, which provides insights and data to support clinical trials and commercialization efforts; biopharmaceutical chemistry, manufacturing and control (CMS) services, which offers assay development, characterization, formulation, and quality control testing. It has a global network of laboratories with more than 8 million gross square feet of preclinical facilities.
Business Segments
Overview
Offers drug development, medical device, and companion diagnostic development solutions from early-stage research to clinical development, along with support for crop protection and chemical testing, through its Early Development Research Laboratories and Central Laboratory Services businesses. It also offers early discovery activities for regulated preclinical studies; bioanalytical testing services; general, genetic, and immunotoxicology services; nonclinical pathology services; safety pharmacology services; preclinical medical device services; respiratory services; developmental and reproductive toxicology (DART) studies; chemistry manufacturing services; early phase development solutions; consulting services for chemical manufacturers and other firms; clinical laboratory services for individuals participating in clinical studies; and technology solutions including metrics and benchmarking applications for monitoring patient recruitment for clinical site selection, prototyping design, and optimization. Customers include pharmaceutical, biotechnology, medical device, and diagnostic companies.
Performance
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Overview
Offers standard testing and specialty testing through an integrated network of primary and specialty laboratories in the US and Canada. It also offers patient access points located throughout the US. Includes a wide range of clinical, anatomic pathology, genetic, and genomic tests. Offers technology-enabled services and support. Standard Testing Services includes blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, PAP tests, hemoglobin AI C, prostate-specific antigen (PSA), tests for sexually transmitted diseases such as chlamydia, gonorrhea, trichomoniasis, human immunodeficiency (HIV), and hepatitis C (HCV), vitamin D, microbiology cultures and procedures, and alcohol and other substance abuse tests. Specialty Testing Services include gene-based and esoteric testing; advanced tests that target specific diseases and use new technologies in the areas of anatomic pathology/ oncology, cardiovascular disease, coagulation, diagnostic genetics, endocrinology, infectious disease, women's health, pharmacogenetics, parentage and donor testing, occupational testing services, medical drug monitoring services, chronic disease programs, and kidney stone prevention. Also offers health and wellness services to employers and MCOs, including health fairs, on-site and at-home testing, vaccinations, and health screenings. Major customer areas include primary care, oncology, women's health, autoimmune diseases, neurology, infectious diseases, endocrinology, gastroenterology, rheumatology, and other specialties; payers such as ACOs, MCOs, and employers; physicians and physician organizations; and hospitals and health systems.
Performance
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