COVID-19 Impact on Quest Diagnostics Inc.’s Revenue and Operations (Medical Devices)


Summary

Quest Diagnostics provides diagnostic information services to patients and physicians through a chain of laboratories and company-owned patient service centers. Quest Diagnostics offers a comprehensive range of services including clinical testing with gene-based and other esoteric tests, anatomic pathology services, life insurer services, clinical trial testing, healthcare information technology and diagnostic products. The report, COVID-19 Impact on Quest Diagnostics Inc.’s Revenue and Operations (Medical Devices) presents a deep dive analysis into how Quest Diagnostics is placed to respond to the COVID-19 crisis, by examining its sector performance and competitiveness.

Deep dive analysis into how Quest Diagnostics Inc. is placed to respond to the COVID-19 crisis, by examining its sector performance and competitiveness.


Key Highlights

  • Net sales for Q1 2020 decreased by 3.7% from 2019, despite providing approximately 40% of all commercial diagnostic COVID-19 testing in the US with its Quest SARS-CoV-2 rRT-PCR Test that received FDA emergency use authorization on March 17, 2020.
  • Quest Diagnostics’ results in January and February were consistent with its earlier-provided full-year guidance. However, during the last two weeks of March, volumes declined over 40%, even with COVID-19 testing.
  • Recently, Quest Diagnostics has partnered with Centene to distribute 25,000 Quest COVID-19 test kits every week to Federally Qualified Health Centers. Quest Diagnostics has also started offering COVID-19 antibody testing using Abbott’s and EUROIMMUN’s tests.




Scope

The report provides a comprehensive analysis of the impact of COVID-19 on Quest Diagnostics Inc. -

  • It provides insights on Quest Diagnostics Inc.’s exposure to the regions and businesses impacted by the COVID-19 outbreak.
  • It offers an overview of the company’s revenue impact by region and market for 2020 due to the COVID-19 outbreak.




Reasons To Buy

  • An overview of how Quest Diagnostics Inc. will be affected by the COVID-19 pandemic.