Covance acquires Medaxial Covance announced it has acquired Medaxial, a London-based value communication consultancy. In addition to Medaxial's corporate headquarters in London, the company has employees in New York and Antwerp, Belgium.
LabCorp downgraded to Hold from Buy at Deutsche Bank Deutsche Bank downgraded LabCorp (LH) to Hold saying revenue synergies from the Covance (CVD) acquisition are "hard to envision." The firm believes LabCorp is now less of a pure play in the Clinical Labs space and lowered its price target for shares to $115 from $120. Deutsche coupled the downgrade with an upgrade of peer Quest (DGX).