Labcorp (NYSE: LH), a global leader in comprehensive laboratory services, announced its Annual Meeting of Shareholders will be webcast live on May 15, 2025, at 9:00 a.m. ET. This event presents an opportunity to gain insights into Labcorp’s progress in advancing health and science through its diagnostics and drug development laboratory capabilities. Interested stakeholders can easily access the webcast through the Labcorp Investor Relations website, with an archived replay available for a full year.
As of fiscal year 2024, Labcorp generated total revenues of approximately $13.01 billion, underscoring its significant market presence and operational scale. The company employs nearly 70,000 professionals worldwide, serving clients in about 100 countries. Notably, Labcorp supported more than 75% of the new drugs and therapeutic products approved by the FDA in 2024, highlighting its critical role in pharmaceutical innovation and healthcare advancement. Its laboratories perform more than 700 million diagnostic tests annually for patients globally.
Labcorp’s innovation pipeline is reflected in its valuable intangible assets, including customer relationships valued at approximately \(4.11 billion, patents, licenses, and technology worth about \)647 million, and ongoing research and development in media assets. Financially, the company maintains a strong portfolio of swap agreements totaling $1.8 billion, providing financial risk management and stability.
In recent earnings calls, Labcorp management emphasized the strategic importance of expanding diagnostic capabilities and enhancing drug development services. These initiatives align with broader healthcare trends driven by increased regulatory approvals and growing demand for precise diagnostics.
For investors and analysts, the May 15 webcast will offer detailed insights into Labcorp’s strategy, financial performance, and growth outlook, particularly in the context of ongoing global economic uncertainties and regulatory landscapes affecting the healthcare industry.
For comprehensive information, please refer to the original SEC filing document: https://sec.gov/Archives/edgar/data/920148/000092014825000064/formpr2025shareholdermeeti.htm
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