- 8yearsLabIndustry   Dec 13, 2020 at 07:44: PM
8yearsLabIndustry
new user
Bioreference was kicking a** earlier this year: 3Q had 24% share of ACLA lab did 3.5mm PCR tests and routine testing down 9%. Averaged 39k/tests per day with capacity at 70k. then in October, testing went up 30%....and they dropped to 34k/day. Then they lost NBA contract and I heard trying to buy or partner with Mesa for point of care test. Curative is charging $150/test, igeneX is charging $300...they charge $62/test. Quest, Labcorp, Aegis, Sonic - all got $200 million for CARES. they got 26 million. In november, testing is double what it was in 3q - so in theory they did 3.5mm pcr they should do 7mm - but they guided to 3.2mm PCR and at 34k/day, even if it went up to 40k/day - they will barely do 3.4mm PCR. And routine not coming back. And why did they delay the Rayaldee Covid test? Management has always been bad at communicating, but seems like lately even more so and Cohen sounds like crap in conferences. They hired 2000 people and now are looking for mobile phlebotimists to do drive around in vans and test. They have 601 drive thrus - each one does 200 on average per day - that would be 120k test/day alone! I don't understand what happened from 2q and 3q when kicking on all cylinders and now. And Frost donated $500 million to Univ of Miami - its biggest hospital system in southeast - and we lost it to labcorp! he is on board of trustees - that means he votged for labcorp! LabCorp and University Of Miami Health System Enter Laboratory Service Agreement | Laboratory Corporation of America Holdings . Why is Aegis and Sonic (australian co): get money from CARES: HHS Invests in Diagnostic Labs to Expand COVID-19 Testing Capacity in the United States and Bioref has only gotten $25 million and Quest, Labcorp, Sonic Aegis Mesa etc all got hundreds of millions? They haven't restarted talks with Quest either. But its like they hired 2000 employees and just felll off. How is everyone else taking share. Lost NBA. Haven't gotten any employer contracts. Lost univ of miami! Something is up - does anyone know? This is serious discusssion only please guys. Let's be useful.