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Quest Diagnostics Incorporated is an American clinical laboratory.A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. [3] Quest also maintains collaborative agreements with various hospitals and clinics across the globe.
MinuteClinic is a division of CVS Health (NYSE: CVS) that provides retail clinic services. [2] MinuteClinic was initially started as QuickMedx [3] by Dr. Douglas Smith and his patient Rick Krieger, along with Stephen Pontius in Minneapolis, Minnesota. MinuteClinic has more than 1,100 locations in 33 states and the District of Columbia.
Its Biopharma Laboratory Services segment provides drug development, medical device and diagnostic development services to pharmaceutical, biotechnology, medical device, and diagnostic companies. [1] In 2023, this division provided support to 84% of the new drugs and therapeutic products approved by the Food and Drug Administration .
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Clinical laboratory services includes large multinational corporations such LabCorp, Quest Diagnostics, and Sonic Healthcare [23] but a significant portion of revenue, estimated at 60% in the United States, is generated by hospital labs. [24] In 2018, the total global revenue for these companies was estimated to reach $146 billion by 2024. [25]
Democratic Rep. Earl Blumenauer of Oregon reported that his wife, Margaret Kirkpatrick, bought up to $15,000 worth of stock in Quest Diagnostics, a leading COVID-19 test provider, in March 2020 ...
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