Geneoscopy Signs Multi-Year Agreement With Labcorp To Distribute Noninvasive Multi-Target Stool RNA Colorectal Cancer Screening Test
Portfolio Pulse from Benzinga Newsdesk
Geneoscopy Inc. has entered into a strategic multi-year collaboration with Labcorp (NYSE:LH) to distribute Geneoscopy's noninvasive colorectal cancer screening test, pending FDA approval. The test, which allows at-home collection and has shown high sensitivity in clinical trials, aims to improve early cancer detection and access to screening. Labcorp will offer the test through its extensive network, addressing health inequities and potentially saving lives by detecting cancer in younger populations where incidence is rising.
November 14, 2023 | 2:57 pm
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Labcorp's partnership with Geneoscopy to distribute a new colorectal cancer screening test could increase its service offerings and potentially boost revenue, pending FDA approval. The test targets a growing need for early cancer detection in younger demographics.
The agreement with Geneoscopy positions Labcorp to potentially expand its diagnostic test portfolio with a product that addresses a critical healthcare need. The test's high sensitivity and convenience could lead to increased usage and revenue for Labcorp. However, the impact is contingent on FDA approval, which adds a level of uncertainty to the immediate financial implications.
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