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Stock impact report

Invitae Receives Court Approval for Sale to Labcorp [Yahoo! Finance]

Laboratory Corporation of America Holdings (LH) 
Last laboratory corporation of america holdings earnings: 4/29 06:53 am Check Earnings Report
Company Research Source: Yahoo! Finance
BURLINGTON, N.C. and SAN FRANCISCO May 7, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, and Invitae (OTC:NVTAQ), a leading medical genetics company, announced today that the United States Bankruptcy Court has approved the previously announced bid by Labcorp to acquire assets of Invitae. "As a leading medical genetics company, Invitae has advanced genomics-based testing solutions across its network," said Mark Schroeder , Executive Vice President and President of Diagnostics Laboratories and Chief Operations Officer of Labcorp. "Invitae will complement our business and advance our leadership in genetic screening, diagnostics and specialty testing. This supports our goal to provide best-in-class resources and health insights for patients and physicians." "The Court's approval of our proposed sale to Labcorp is a positive step forward in our restructuring process," said Ken Knight , President and Chief Executive Officer Show less Read more
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