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Stock Market & Financial Investment News

News Breaks
June 9, 2014
07:01 EDTSQNMSequenom announces agreement with health insurance company
Sequenom announced its wholly owned subsidiary, Sequenom Laboratories, has signed a national agreement with a health insurance company covering 13M people throughout the United States, to provide the MaterniT21 PLUS laboratory-developed test. The addition of this contract brings the number of covered lives under agreement by Sequenom Laboratories' diagnostic services to more than 140M, the company said.
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August 19, 2014
11:32 EDTSQNMLabCorp prenatal test a negative for Sequenom, says Maxim
Maxim views LabCorp's (LH) announcement today that it will begin offering the informaSeq prenatal test as a long-term negative for Sequenom (SQNM) due to increased competition. The news is also negative for Illumina (ILMN) and PerkinElmer (PKI), who both offer Non-Invasive Prenatal Tests, Maxim adds. The firm recommends buying shares of LabCorp and keeps a Buy rating on the name with a $130 price target.

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