Labcorp to offer FDA-cleared Elecsys pTau-217 Alzheimer's test

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Labcorp to offer Elecsys pTau-217 test after FDA clearance
  • First single-biomarker blood test to rule in/out amyloid pathology
  • Measures phosphorylated Tau 217, a hallmark of Alzheimer's disease
  • Intended for patients aged 55+ with cognitive decline signs
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Labcorp (NYSE: LH) announced it will offer the Elecsys pTau-217 blood test following clearance by the U.S. Food and Drug Administration. The test aids in identifying amyloid pathology associated with Alzheimer's disease.

The assay measures phosphorylated Tau 217, an indicator of amyloid pathology and a hallmark of Alzheimer's disease. Developed by Roche Diagnostics, the test is intended for individuals aged 55 and older who exhibit signs, symptoms, or complaints of cognitive decline.

Regulatory Status

Elecsys pTau-217 holds the distinction of being the first and only FDA-cleared single-biomarker blood test capable of both ruling in and ruling out amyloid pathology. This clearance applies across both specialty and primary care settings.

What the Numbers Show

The regulatory approval establishes a unique market position for the test as the sole single-biomarker option cleared for dual diagnostic utility (ruling in and out) in this category. This differentiates it from multi-biomarker or non-cleared alternatives currently available in the market.

How might the integration of Elecsys pTau-217 into primary care settings impact Labcorp's revenue streams and patient volume compared to specialty care channels?

What is the potential impact on Roche Diagnostics' licensing or partnership revenue given their role in developing the assay cleared for Labcorp?

How will competitors like Quest Diagnostics or emerging biotech firms respond to Labcorp's exclusive access to this FDA-cleared single-biomarker test in the short term?

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Baird raises Labcorp Holdings target to $338

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Reviewed by
Radhika SScanX News Team
Key Highlights

Baird analyst Eric Coldwell maintained an Outperform rating on Labcorp Holdings, raising the price target to $338 from $335. Separately, B of A Securities analyst Michael Ryskin maintained a Buy rating with a price target of $320, up from $300.

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Baird analyst Eric Coldwell has maintained an Outperform rating on Labcorp Holdings while raising the price target to $338 from $335. This adjustment signals increased confidence in the company's performance potential. Separately, B of A Securities analyst Michael Ryskin has maintained a Buy rating on the stock with a price target of $320, up from $300.

Rating and Target Details

The revised price target of $338 from Baird represents an increase from the previous target of $335. The Outperform rating remains unchanged, indicating a continued positive outlook on the stock.

Firm Analyst Rating Previous Target New Target
Baird Eric Coldwell Outperform $335 $338
B of A Securities Michael Ryskin Buy $300 $320

Labcorp Holdings trades on the NYSE under the ticker symbol LH.

What specific operational or financial metrics are driving the increased confidence from Baird and B of A Securities?

How might Labcorp's recent performance compare to its competitors in the diagnostic services sector?

What potential market or regulatory changes could impact Labcorp's ability to meet these revised price targets?

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