LabGenomics USA LLC Acquires QDx Pathology in a Strategic Move to Expand its Diagnostic Lab Services and IVD Diagnostic Products Business into the US Market
ROCKVILLE, MD--(Korea Newswire)--LabGenomics USA, a subsidiary of LabGenomics Co., Ltd., announced its acquisition of QDx Pathology, a leader in molecular and diagnostic pathology. The acquisition is expected to have significant implications for the future of both companies and the industry.
LabGenomics USA has recently acquired QDx Pathology, a diagnostic service company with a 16-year history of delivering expert pathology consultations and rapid molecular testing services to physicians and their patients. The announcement was officially made on August 17th at the Rockville, MD office of LabGenomics USA. Acquisition efforts were in process for the last three months, and the deal was finally signed on August 16th 2023. The strategic acquisition is part of LabGenomics's plan to expand its market reach to North America.
Junghee Cho, Ph.D., CEO of LabGenomics USA, said, “It is an honor to start a North American business with QDx, the leader of the Clinical laboratory service market in the United States. We intend to enter the U.S. diagnostic market at an innovative and reasonable price through the technology and know-how of NGS-based molecular diagnosis provided by LabGenomiocs.”
Tim Rich, CEO of QDx Pathology, said, “We are thrilled to be joining forces with LabGenomics and look forward to the opportunities this acquisition will bring. Together, we can leverage our strengths and provide a broader range of diagnostic tests and services to our customers.”
About LabGenomics Co., Ltd.
LabGenomics (KOSDAQ:084650) is a healthcare company specializing in molecular diagnostics leading the sector for 21 years. Evolving from services to products and NGS cancer diagnostics, we’ve achieved three successful NGS-based cancer tests: ‘BRCA1/BRCA2,’ ‘comprehensive genetic cancer panel,’ and ‘OTD-Solid’ test. We strive to heighten customer satisfaction by introducing advanced genetic tests rooted in medical science, biotech, and specialized techniques, aligning with the era of preventive and personalized medicine.
About QDx Pathology
QDx Pathology Services is a national, independent, full-service molecular and anatomical pathology laboratory dedicated to providing diagnostic excellence to our customers and their patients. Our CLIA and CAP certified laboratory utilizes the latest in state-of-the-art instrumentation and information technology. Our staff of experienced, board-certified pathologists, laboratory scientists, and service associates strive to match the highest standards of service and care that our clinical practices extend to their patients.
This is a news release distributed by Korea Newswire on behalf of this company.