Laboratory Corporation of America Holdings, also known as Labcorp, is a leading global life sciences company that is involved in deep scientific research and forward-thinking advancements in the medical field. The company is listed on the New York Stock Exchange under the ticker symbol 'LH'. Based in Burlington, North Carolina, Labcorp was established in 1978.
Labcorp’s mission is to improve health and improve lives. It caters to a range of clients – including physicians, hospitals, pharmaceutical and biotechnology companies, and patients directly. The company provides comprehensive clinical laboratory and end-to-end drug development services. Its areas of expertise are wide-ranging and include diagnostics, drug development, genomics, proteomics, and digital solutions.
Its diagnostics unit operates one of the largest clinical laboratory networks in the world, with more than 30 primary labs across the United States. It provides an array of routine and specialty testing services, such as allergy testing, genetic testing, oncology testing and more, allowing physicians to make informed and timely decisions.
Meanwhile, Labcorp's drug development unit, known as Covance, supports drug development and commercialization from preclinical to post-market. It offers solutions that generate higher quality and safer therapies to speed patient access to treatments.
Labcorp maintains a dedicated workforce of over 70,000 employees worldwide. The company’s achievements over the years have made a significant impact on the medical and scientific communities. Labcorp plays a pivotal role in advancing personalized medicine, transforming clinical trials, and improving patient care.
In 2020, Labcorp rose to the forefront of the global fight against the COVID-19 pandemic by providing COVID-19 testing solutions and playing a critical role in accelerating vaccine and treatment development. This further solidified the company's commitment to improving health and saving lives.
The Company maintains high ethical standards and is committed to doing business the right way by focusing on corporate responsibility. It aims to create a positive impact on society through environmental sustainability, community involvement, and responsible business practices.
In conclusion, Laboratory Corp of America Holdings is an indispensable part of the global health landscape. As they continue to innovate and support breakthroughs in the medical field, their work will remain essential in our collective effort to improve healthcare outcomes.