STOCK TITAN

Major League Soccer Renews with BioReference Laboratories as COVID-19 Testing Provider for Second Year

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
covid-19
Rhea-AI Summary

BioReference Laboratories, part of OPKO Health (NASDAQ:OPK), has renewed its role as the COVID-19 testing provider for Major League Soccer (MLS) for the second consecutive year. This renewal, effective from April 17, 2021, includes providing laboratory-based PCR and point-of-care COVID-19 testing for players, match officials, and staff across 13 teams. Additionally, testing will extend to fans attending home games, starting with the New England Revolution's match on April 24. BioReference's involvement began during the 2020 MLS is Back Tournament, showcasing its commitment to ensuring safety in sports during the pandemic.

Positive
  • Renewed contract with MLS enhances business stability for BioReference.
  • Provides comprehensive COVID-19 testing solutions, potentially increasing revenue.
  • Expands services to include fan testing, showcasing adaptability and growth.
Negative
  • None.

ELMWOOD PARK, N.J., April 27, 2021 /PRNewswire/ -- BioReference Laboratories, Inc., an OPKO Health company (NASDAQ:OPK), announced its renewal as the COVID-19 testing provider for Major League Soccer (MLS), which began on April 17 along with the 2021 MLS season.

BioReference announced its renewal as the COVID-19 testing provider for Major League Soccer (MLS) for the second year.

Similar to BioReference's role as the testing provider for the MLS is Back Tournament, BioReference is providing laboratory-based PCR COVID-19 testing as well as point-of-care (rapid) COVID-19 testing to players, match officials, and League staff for 13 Club teams.

In addition to providing testing to players, match officials, and staff, BioReference is working with the New England Revolution to test fans with field level seats prior to home games, which began with the Revolution's first season home game at Gillette Stadium on April 24.

"MLS was the first major sports league to utilize COVID-19 testing from BioReference in 2020 during its MLS is Back Tournament in Orlando," said Jon R. Cohen, M.D., Executive Chairman of BioReference Laboratories. "We continue to be impressed by the diligent work done by MLS' leadership to refine COVID-19 mitigation strategies and prioritize testing, in maintaining the goal of providing the safest possible environment for the players, coaches, staff and now fans as the 2021 season begins."

To learn more about BioReference's COVID-19 testing, please visit: https://www.bioreference.com/coronavirus/.  

About BioReference Laboratories, Inc. 
BioReference Laboratories, Inc., is one of the largest full service specialty laboratories in the United States that gives healthcare providers and patients the power to make confident healthcare decisions. With a focus on genetics, oncology, urology and women's health, BioReference offers comprehensive test solutions and unparalleled expertise based on a 40 year legacy of proven science. The company is in-network with the largest health plans in the United States, serves approximately 19 million patients annually, operates a network of 11 laboratory locations, and is backed by a medical staff of more than 300 M.D., D.O., Ph.D., genetic counselors and other professional clinical and scientific personnel. With a national footprint and niche market experience, BioReference provides credible and innovative solutions that meet the needs of employers, governmental agencies, educational systems, hospitals and health systems, correctional institutions, sports leagues, travel and leisure industries, and retail markets. BioReference provides industry-leading custom solutions for COVID-19, including point-of-care testing and large-scale screening programs. https://www.bioreference.com/ 

About OPKO Health  
OPKO is a multinational biopharmaceutical and diagnostics company that seeks to establish industry-leading positions in large, rapidly growing markets by leveraging its discovery, development, and commercialization expertise and novel and proprietary technologies. For more information, visit www.opko.com

Contacts:
Media Inquiries 
Hillary Titus, 201-406-9968 
htitus@bioreference.com 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/major-league-soccer-renews-with-bioreference-laboratories-as-covid-19-testing-provider-for-second-year-301277398.html

SOURCE BioReference Laboratories, Inc

FAQ

What is the significance of BioReference's renewal with MLS for OPKO (OPK)?

The renewal secures ongoing revenue and business stability for OPKO's subsidiary, BioReference.

When did BioReference start providing COVID-19 testing for MLS?

BioReference began its role on April 17, 2021, coinciding with the start of the 2021 MLS season.

How does BioReference support fan safety at MLS games?

BioReference provides COVID-19 testing for fans with field level seats before home games.

What types of COVID-19 testing does BioReference offer for MLS?

BioReference offers both laboratory-based PCR testing and point-of-care rapid testing.

What was BioReference's role during the 2020 MLS is Back Tournament?

BioReference was the first major sports league provider of COVID-19 testing during the tournament.

Opko Health Inc.

NASDAQ:OPK

OPK Rankings

OPK Latest News

OPK Stock Data

1.08B
310.86M
54.45%
28.02%
14.05%
Diagnostics & Research
Pharmaceutical Preparations
Link
United States of America
MIAMI