Prognosis
Vaccine Rollouts Cloud Covid-19 Testing Industry Outlook
- Labcorp says its virus testing could drop by 50% this year
- Many expect screenings will be needed even with vaccines
This article is for subscribers only.
It was a revealing moment for one of the biggest U.S. processors of Covid-19 tests last week when Laboratory Corp of America Holdings Chief Executive Officer Adam Schechter said business in that service may decline by as much as half this year.
But later on the same conference call with analysts, Schechter all but reversed himself, acknowledging that there could be “opportunity in the second half.”