UnitedHealth preferred lab launch a long-term plus for Invitae: Benchmark

Benchmark analyst Bruce Jackson noted that UnitedHealthcare (UNH) plans to launch a Preferred Laboratory Network to include Invitae (NVTA), which he views as a long-term positive for the latter and “another building block for Invitae’s strategy to make genetic testing more widely available and more easily reimbursed.” Other labs named to the preferred network include LabCorp (LH), Quest Diagnostics (DGX), and BioReference and GeneDx, which are both part of Opko (OPK), the analyst noted. UnitedHealthcare’s current network includes NeoGenomics (NEO) and he doesn’t anticipate any impact to NeoGenomics from the preferred network launch, added Jackson.

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