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Former CEO of defunct medical lab settles kickback civil case for $1.1M
Jae Lee, former CEO of the now-defunct Northwest Physicians Laboratory in Bellevue, Wash., agreed to pay $1.1 million to resolve a civil case involving the lab allegedly offering referrals in exchange for cash payments, an arrangement commonly known as a kickback, according to a Justice Department news release. -
Chicago lab tracks COVID-19 through wastewater
A University of Illinois Chicago lab has been tracking COVID-19 in the city's wastewater and sharing the results with local public health agencies, according to WTTW. -
Amazon, Pfizer & Merck launch AI-powered innovation lab
Amazon Web Services, Pfizer, AstraZeneca and several other pharmacy and biotech leaders partnered to launch AION Labs, an innovative drug research project, AION Labs said Oct. 13. -
Virginia Tech adding labs with $90M expansion
Blacksburg-based Virginia Tech opened a 139,000-square-foot expansion in Roanoke that will house new lab facilities, the university said Oct. 12. -
Quest Diagnostics opens one of world's biggest medical labs
Secaucus, N.J.-based Quest Diagnostics opened its 250,000-square-foot lab in Clifton, N.J., the company said Oct. 12. -
Kentucky drug lab paid kickbacks for referrals, physician says
Psychiatrist Varanise Booker, MD, pleaded guilty to healthcare fraud in a kickback scheme for referring Medicare and Medicaid patients to the now-closed Universal Oral Fluid Labs in Greensburg, Pa., according to a Justice Department statement. -
Cleveland Clinic opens 22,000-square-foot biospecimen cryo storage bank
The Cleveland Clinic opened a two-story cryogenic biobank, the company said Oct. 7, in partnership with Chelmsford, Mass.-based Brooks Automation's life sciences division, now known as Azenta Life Sciences. -
Tesis Labs raises $20M to expand production, clinical capacity
Phoenix-based genetic sequencing company Tesis Labs raised $20 million of growth equity financing, the company said Oct. 5. The funding round was led by an investment group headed by John Shufeldt, MD. -
Noninvasive tests for colon, prostate cancer unveiled at lab expo
Two research teams have developed noninvasive tests that use blood or saliva samples to diagnose cases of colorectal cancer and prostate cancer. -
Lab test market shifting from provider-driven to consumer-driven
The global direct-to-consumer lab test market is predicted to see 26 percent compound annual growth through 2031, according to a report by Albany, N.Y.-based Transparency Market Research. The growth will likely far outpace that of the overall clinical lab test market's, forecast at a 7.3 percent rate through 2028. -
Testing company to pay up to $70M for San Antonio lab
Welsh point-of-care testing company EKF Diagnostics is acquiring San Antonio-based Advanced Diagnostics Laboratory for $10 million in shares and additional performance-based payments of up to $60 million, the company said Sept. 29. -
Researchers unveil 15-minute test that accurately predicts COVID-19 outcomes
A new rapid test identifies severe COVID-19 patients more accurately than existing tests, researchers said Sept. 29 at the 2021 AACC Annual Scientific Meeting and Clinical Lab Expo in Atlanta. -
Company's shared lab to aid diagnostic test makers with US market hurdles
Rockville, Md.-based lab testing company 20/20 GeneSystems has launched a shared lab to help diagnostic test makers cut the time and cost of launching their tests in the U.S., the company said Sept. 28. -
Preoperative lab testing often wasteful, researchers say
Healthy patients undergoing lab testing before surgery is one of the most common forms of unnecessary, low-value care, according to a study published Sept. 27 in JAMA Internal Medicine. -
Empower Clinics and cybersecurity firm to develop data security program for diagnostic testing
Canadian medical lab firm Empower Clinics, parent company of Dallas-based Kai Medical Lab, is partnering with Canadian cybersecurity company SoLVBL Solutions to provide data security to the diagnostic testing programs Empower uses, the company said Sept. 27. -
Loyola Medicine opens clinical lab in Chicago suburb
Maywood, Ill.-based Loyola Medicine has opened a 30,000-square-foot clinical lab on its main medical center campus, according to commercial real estate outlet REBusiness Online. -
Lab-developed test industry predicted to reach $7B by 2028
The market for lab-developed tests, now worth $4.5 billion globally, is expected to see 7 percent compound annual growth through 2028, according to a new Research and Markets report. -
Spanish firm developing diagnostic tech 1,000 times more sensitive than current lab standard
Spanish startup Mecwins is developing in vitro diagnostic testing lab technology that detects concentrations in femtograms per milliliter — 1,000 times more sensitive than widely available enzyme-linked immunosorbent assays, the company said Sept. 24. -
University of Rochester Medicine to close 11 labs Sept. 28
Staff shortages are forcing the University of Rochester (N.Y.) Medical Center to temporarily close 11 labs, the university said Sept. 23. -
FDA says 2 COVID-19 lab tests might give false positives
Two COVID-19 lab test kits made by Abbott Molecular could show false positive results, the FDA said Sept. 20.
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