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Quest Diagnostics Inc. - DGX STOCK NEWS

Welcome to our dedicated page for Quest Diagnostics news (Ticker: DGX), a resource for investors and traders seeking the latest updates and insights on Quest Diagnostics stock.

Quest Diagnostics Inc. (NYSE: DGX) is a leading provider of diagnostic testing, information, and services in the United States, enabling people to make informed health decisions. The company provides diagnostic insights derived from the world’s largest database of clinical lab results, which aids in identifying and treating diseases, promoting healthy behaviors, and improving healthcare management.

Quest Diagnostics serves one in three adult Americans and half of the physicians and hospitals in the United States. Its workforce of nearly 50,000 employees is dedicated to transforming lives by providing actionable diagnostic insights. The company offers the broadest test menu available, with over 3,000 different tests, and has a strong focus on cancer diagnostics, anatomic pathology, and interpretive consultations through its medical and scientific staff of approximately 900 M.D.s and Ph.D.s.

In recent years, Quest Diagnostics has been at the forefront of innovation in diagnostic testing. The company has significantly invested in AI and digital pathology to enhance the accuracy and efficiency of cancer diagnoses. A notable collaboration with PathAI aims to accelerate the adoption of digital and AI pathology technologies, thereby improving the quality, speed, and efficiency of diagnosing cancer and other diseases. This partnership includes the acquisition of PathAI Diagnostics’ state-of-the-art digitized laboratory in Memphis, Tennessee, which will serve as Quest’s AI and digital R&D and solutions center.

Financially, Quest Diagnostics has shown robust performance, with annual revenues reaching $7.4 billion in 2014. The company continues to strengthen its market presence through strategic acquisitions and partnerships, expanding its services and enhancing its capabilities in specialized pathology services. The integration of digital and AI technologies across its operations has improved quality, efficiency, and customer satisfaction, positioning Quest Diagnostics as a leader in the diagnostic services industry.

Quest Diagnostics' extensive clinical testing network includes roughly 2,300 patient service centers, numerous doctors' offices, and hospitals nationwide. The company also provides clinical trials testing, risk assessment services, and information technology solutions through its diagnostic solutions segment.

By leveraging its comprehensive diagnostic insights, Quest Diagnostics aims to empower individuals and healthcare providers to make informed decisions that lead to better health outcomes, ultimately contributing to a healthier world.

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Quest Diagnostics (DGX) has launched the Tackle Your Testing program to combat health disparities worsened by the COVID-19 pandemic. The initiative aims to provide no-cost diagnostic testing services at events starting from July 17-18 in Tampa, Florida, in collaboration with local health centers and charities. This program addresses the decline in routine diagnoses of chronic illnesses during the pandemic, offering consultations, educational resources, and healthy meals. Former NFL player Warrick Dunn will also participate in promoting this health initiative.

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Quest Diagnostics (NYSE: DGX) has announced it will release its second quarter 2021 financial results on July 22, 2021, before market opening. The company will host a conference call at 8:30 a.m. Eastern Time to discuss these results. Interested participants can access the call through various numbers provided for U.S., Canada, and international callers. A replay will be available shortly after the call. Quest Diagnostics continues to provide diagnostic insights, serving a substantial portion of American adults and healthcare providers.

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Biocept, Inc. (Nasdaq: BIOC) announced a collaboration with Quest Diagnostics (NYSE: DGX) to provide its Target Selector NGS-based liquid biopsy assay for lung cancer testing. This assay, designed for patients with advanced non-small cell lung cancer, enables less invasive genomic profiling and monitoring of treatment effectiveness. Expected to launch in Q4 2021, the service will be accessible through Quest's extensive patient service centers across the U.S. This partnership aims to enhance patient care and expand Biocept’s market reach in oncology diagnostics.

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Quest Diagnostics (NYSE: DGX) released its 2020 Annual Corporate Responsibility Report, titled "A Year of Challenge and Change." The report highlights the company's response to the COVID-19 pandemic, including performing 30 million tests and launching the Quest for Health Equity initiative, aimed at reducing health disparities in underserved communities with over $100 million allocated for this purpose. Additionally, Quest made strides in operational sustainability and increased its commitment to diversity and inclusion.

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Quest Diagnostics has successfully acquired Mercy's outreach laboratory services business in an all-cash asset transaction, though financial terms were not disclosed. This acquisition allows Quest to enhance patient care by broadening access to its comprehensive lab services across Arkansas, Kansas, Missouri, and Oklahoma. Mercy will retain ownership of its hospital labs, ensuring continued service for inpatient care. By leveraging Quest's advanced test menu and extensive patient-access network, this deal aims to deliver innovative and cost-effective laboratory solutions to healthcare providers and patients in the Midwest.

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The Quest Diagnostics Drug Testing Index™ reveals that marijuana positivity rates in the general U.S. workforce rose to 5.5% in 2020, a 3.8% increase from 2019. This marks a significant trend amid the COVID-19 pandemic, where overall positivity slightly declined from 4.5% in 2019 to 4.4% in 2020. In federally mandated sectors, positivity decreased by 8.3%. Notably, positivity for cocaine hit the lowest level since 2012. The findings highlight the importance of workplace drug testing as hiring increases.

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Quest Diagnostics (NYSE:DGX) and Paige have announced a collaboration aimed at leveraging artificial intelligence to enhance cancer diagnosis. This partnership will utilize Paige's machine learning technology to analyze pathology data and create new software products for healthcare providers. The focus is on solid tumors like prostate and breast cancer, with intentions to develop software for biopharmaceutical applications as well. The collaboration incorporates shared revenue models and aims to expand Quest's digital pathology capabilities across the U.S.

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Quest Diagnostics and the Social and Health Research Center (SAHRC) have partnered to launch the Bienestar/Neema Coordinated School Health Program to combat childhood obesity in underserved communities, particularly among Hispanic and Black populations. This initiative, recognized by the CDC and NIH, features a digitized curriculum that engages children through interactive animations. The cost of the curriculum has decreased significantly from $18,000 to under $1,000, enhancing accessibility. The program aims to initially reach over 180,000 children and their families in Texas and New Jersey, with plans to expand across the U.S.

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Quest Diagnostics (NYSE: DGX) has declared a quarterly cash dividend of $0.62 per share, set to be paid on July 21, 2021. This dividend will be distributed to shareholders of record as of July 7, 2021. As a leading diagnostic information service provider, Quest's insights significantly impact health outcomes, serving one in three adult Americans. The company emphasizes the importance of its diagnostic services in improving healthcare management and patient outcomes.

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Quest Diagnostics (NYSE: DGX) announced its upcoming participation at the Jefferies Virtual Healthcare Conference. CEO Steve Rusckowski will present on the company's vision and capital strategies on June 3, 2021, at 8:00 a.m. ET. The conference will be webcast live, and an archived version will be available on their investor relations page within 24 hours, accessible until July 3, 2021. Quest Diagnostics is a leader in diagnostic services, providing vital health insights and COVID-19 testing services nationwide.

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FAQ

What is the current stock price of Quest Diagnostics (DGX)?

The current stock price of Quest Diagnostics (DGX) is $153.1 as of December 20, 2024.

What is the market cap of Quest Diagnostics (DGX)?

The market cap of Quest Diagnostics (DGX) is approximately 17.0B.

What does Quest Diagnostics do?

Quest Diagnostics provides diagnostic testing, information, and services that help healthcare providers and patients make informed health decisions. The company offers a broad range of tests and diagnostic insights derived from the world’s largest database of clinical lab results.

How many people does Quest Diagnostics serve annually?

Quest Diagnostics serves one in three adult Americans and half of the physicians and hospitals in the United States each year.

What are some recent achievements of Quest Diagnostics?

Recently, Quest Diagnostics has partnered with PathAI to enhance its AI and digital pathology capabilities. The acquisition of PathAI Diagnostics' digital laboratory will serve as a new AI and digital R&D center, improving cancer diagnosis quality and efficiency.

What kind of tests does Quest Diagnostics offer?

Quest Diagnostics offers over 3,000 different tests, including clinical testing, anatomic pathology, esoteric testing, and substance abuse testing.

What is the company's approach to innovation?

Quest Diagnostics focuses on incorporating AI and digital technologies into its diagnostic services to enhance accuracy, efficiency, and accessibility of its offerings. The company also pilots new technologies and expands its capabilities through strategic partnerships and acquisitions.

How extensive is Quest Diagnostics' clinical testing network?

Quest Diagnostics operates an extensive clinical testing network with approximately 2,300 patient service centers, as well as numerous doctor’s offices and hospitals across the United States.

What role do partnerships play at Quest Diagnostics?

Partnerships, such as the recent collaboration with PathAI, play a crucial role in Quest Diagnostics' strategy to integrate advanced technologies and expand its capabilities in specialized diagnostic services.

How does Quest Diagnostics contribute to healthcare management?

Quest Diagnostics provides diagnostic insights that help identify and treat diseases, inspire healthy behaviors, and improve healthcare management. These insights support more informed decision-making by both patients and healthcare providers.

What are the company’s future plans?

Quest Diagnostics plans to continue expanding its capabilities in AI and digital pathology, enhance its clinical testing services, and maintain its leadership in diagnostic information services. The company aims to leverage its diagnostic insights to empower better healthcare outcomes globally.

How does Quest Diagnostics ensure the quality of its services?

Quest Diagnostics employs nearly 50,000 dedicated professionals, including about 900 M.D.s and Ph.D.s, and integrates cutting-edge technology and rigorous quality control measures across its operations to ensure high-quality diagnostic services.

Quest Diagnostics Inc.

NYSE:DGX

DGX Rankings

DGX Stock Data

16.99B
111.10M
0.43%
91.55%
2.32%
Diagnostics & Research
Services-medical Laboratories
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United States of America
SECAUCUS