IQVIA Holdings Inc. - IQV STOCK NEWS

Quest Diagnostics (NYSE: DGX) has announced the sale of its minority share in Q² Solutions to IQVIA (NYSE: IQV) for $760 million in cash. This divestiture aligns with Quest's strategy to focus on diagnostic information services. Since 2015, Q² Solutions operated as a joint venture, with IQVIA owning 60% and Quest 40%. Despite the sale, Quest will remain the preferred laboratory provider for Q² Solutions under a multi-year agreement, allowing them to continue offering complementary lab testing services.

IQVIA Holdings Inc. (NYSE:IQV) has completed the acquisition of Quest Diagnostics' 40% minority share in Q² Solutions for $760 million. This acquisition provides IQVIA full ownership, enhancing its capabilities in clinical laboratory services. The transaction is cash-funded, maintaining IQVIA's target net leverage ratio. The acquisition is expected to be accretive to IQVIA's Adjusted Diluted EPS, with revised guidance for 2021 set between $7.89 and $8.20. This move strengthens IQVIA's market position and service offerings while ensuring Quest remains a key laboratory partner.

IQVIA (NYSE:IQV) has reported that over 60 clinical trials across 40 countries are now utilizing its advanced decentralized clinical trial solutions. These trials, initiated in 2020, offer flexible and patient-centric alternatives during the pandemic. By focusing on patient-centricity, IQVIA aims to integrate trials seamlessly into patients' lives, thereby easing the burden on participants and investigators. The company supports these trials with various technologies, including telehealth and home health nursing, enrolling over 150,000 subjects across multiple therapeutic areas, including COVID-19 and oncology.

IQVIA announced its collaboration with Janssen Research & Development since September 2020 for Phase 3 COVID-19 vaccine clinical trials. The trials utilize IQVIA’s decentralized trial solutions, allowing remote screening and data reporting via telehealth technologies. This approach enhances participant engagement and facilitates efficient study delivery. With approximately 70,000 employees operating in over 100 countries, IQVIA positions itself as a leader in advanced analytics, technology solutions, and clinical research services within the life sciences sector.

IQVIA Holdings Inc. (NYSE:IQV) announced that CFO Ron Bruehlman will participate in a virtual fireside chat at the Barclays Global Healthcare Conference on March 09, 2021, at 3:00 p.m. EST. The event will be accessible via live audio webcast on the IQVIA Investor Relations website, with a replay available later that day. IQVIA is a global leader in advanced analytics, technology solutions, and clinical research for the life sciences sector, employing around 70,000 staff across over 100 countries.

IQVIA Holdings Inc. (NYSE:IQV) announced the pricing of an offering of €1.45 billion in senior notes. This includes €550 million due in 2026 and €900 million due in 2029. Proceeds will be utilized to redeem outstanding 3.250% senior notes due 2025 and cover related expenses. The 2026 Notes carry a 1.750% interest rate, while the 2029 Notes have a 2.250% rate, both paying interest semi-annually. The offering is expected to close around March 3, 2021, contingent on standard conditions. These notes will not be registered under the Securities Act.

IQVIA Holdings Inc. (NYSE:IQV) plans to raise €1.45 billion (approximately $1.76 billion) through an offering of senior notes due 2026 and 2029. The proceeds will be used to redeem all outstanding 3.250% senior notes due 2025, including premiums, and to cover fees related to the offering. The completion of the notes offering is subject to market and customary conditions. The company emphasizes that this does not constitute an offer to sell or solicit buyers, and the notes will not be registered under the Securities Act of 1933.

IQVIA (NYSE:IQV) reports a significant milestone as 140 life science companies across nearly 90 countries have adopted its Orchestrated Customer Engagement (OCE) solution. This reflects a strong demand for its commercial technology, highlighted by the recent addition of Laboratoires Théa as a client. In 2020, 60 new customers implemented OCE, which includes major pharmaceutical firms like AstraZeneca and Roche. The platform connects customer interactions and internal departments, leveraging AI to improve efficiency and enhance engagement.

IQVIA Holdings reported a strong fourth quarter for 2020, with revenue of $3,298 million, representing a 13.9% increase year-over-year. Technology & Analytics Solutions (TAS) grew 17.4%, while Research & Development Solutions (R&DS) increased 14.5%. However, Contract Sales & Medical Solutions (CSMS) revenue declined by 10%. The R&DS contracted backlog rose 18.5% to $22.6 billion. The company achieved an adjusted EBITDA of $735 million and raised its 2021 financial guidance, projecting revenues between $12,550 million and $12,900 million.