Lab News
Report: LDT market to exceed $17B
October 20, 2020 -- A new report from Kalorama Information estimates the market for laboratory-developed tests (LDTs) is currently valued at $12 billion, and this figure will grow to $17 billion by 2025. The COVID-19 pandemic is driving demand for new LDTs, even as regulatory agencies duel over how to regulate the tests  Discuss
Paragon debuts more COVID-19 NGS tests
October 19, 2020 -- Precision medicine firm Paragon Genomics has debuted two additional CleanPlex next-generation sequencing (NGS) tests to detect the novel coronavirus and estimate disease severity.
AbbVie gets FDA nod for new use of Venclexta
October 19, 2020 -- AbbVie has announced that the U.S. Food and Drug Administration (FDA) approved a new use of its B-cell lymphoma 2 inhibiting drug venetoclax (Venclexta) in the treatment of acute myeloid leukemia for some patients.
CMS to cut COVID-19 payments to slower labs
October 16, 2020 -- In a bid to speed up COVID-19 testing, the U.S. Centers for Medicare and Medicaid Services (CMS) has announced a new policy to pay for expedited COVID-19 test results. Starting January 1, Medicare will pay $100 only to labs that complete high-throughput COVID-19 diagnostic tests within two calendar days of specimens being collected.  Discuss
AACC: LDTs play crucial role in patient care
October 16, 2020 -- Laboratory-developed tests (LDTs) act as a bridge between laboratories and physicians, Without LDTs, patient care is neither optimal nor personalized, according to an October 14 congressional briefing from the American Association for Clinical Chemistry (AACC).  Discuss
D-dimer test alone can simplify diagnosis of DVT
October 15, 2020 -- A D-dimer blood test may be all that's needed to help healthcare providers determine which patients require additional screening to diagnose deep vein thrombosis (DVT), according to research published October 15 in Blood Advances. This would simplify the diagnosis of DVT without compromising accuracy by only administering one test and not several, including ultrasound.  Discuss
Blood test score helps predict COVID-19 severity
October 15, 2020 -- A team of researchers from the Royal College of Surgeons in Ireland University of Medicine and Health Sciences has developed a blood test score that can help predict COVID-19 disease severity, according to a study published on October 14 in EBioMedicine.
Cue secures $481M from DOD for COVID-19 tests
October 15, 2020 -- Cue Health has received $481 million from the U.S. Department of Defense (DOD) to produce and distribute 6 million point-of-care COVID-19 tests by March 2021.
Former CAP president named pathologist of the year
October 14, 2020 -- The College of American Pathologists (CAP) awarded former CAP president Dr. R. Bruce Williams with the Pathologist of the Year Award. Williams oversaw the organization as its 35th president from 2017-2019.
LabVantage secures U.S. government contract
October 14, 2020 -- LabVantage Solutions has won a contract from the U.S. Army Medical Research Acquisition Activity to supply its Pharma laboratory information management system to the Walter Reed Army Institute of Research.
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