Avalon GloboCare Signs Exclusive Agreement with GeneX Laboratory Professional

1 Mins read

Avalon GloboCare has announced that Laboratory Services MSO has signed an exclusive master service agreement with GeneX Laboratory Professional. This news has caused Avalon GloboCare shares to rise by 12% to $1.48.

Avalon GloboCare currently has a 40% interest in Laboratory Services MSO, making this agreement a significant development for the company. This comes at a time when Avalon GloboCare’s stock hit its 52-week low of $1.16, experiencing a decline of 68% over the past year.

GeneX is a highly reputable CLIA-certified laboratory situated in Orange County, California. Previously, GeneX had been inactive and was actively seeking a partner to utilize their license networks. With licenses from major providers such as Aetna California, Anthem BC of California, United Health Care, Cigna, Noridian Medicare, TRICare West, and Medicaid in 21 states, GeneX’s labs are well-equipped to provide a range of essential testing services.

These services include Liquid Chromatography-Mass Spectrometry drug testing, genetic testing, and Covid-19 PCR testing. Previously, access to these tests through in-network insurance providers was limited. However, with the new agreement in place, Laboratory Services MSO will leverage its infrastructure to perform these tests on behalf of GeneX using in-network insurance providers.

This partnership between Laboratory Services MSO and GeneX opens up valuable opportunities for both companies and improves accessibility to crucial testing services for individuals across various states.

Related posts

Trump's Chances of Winning the 2024 Presidential Election on the Rise

1 Mins read
According to betting markets tracked by RealClearPolitics, Donald Trump’s chances of winning the 2024 presidential election have seen an improvement this week….

The Continuing Surge of the Dollar

2 Mins read
The strength of the U.S. dollar continues to climb, recently reaching its highest level in nearly a year. While this rise can…

Remembering Michael Gambon: An Iconic Actor Passes Away at 82

3 Mins read
London, UK — Renowned actor Michael Gambon, known for his unforgettable portrayal of Albus Dumbledore in the “Harry Potter” film series, has…

Leave a Reply

Your email address will not be published. Required fields are marked *

− 2 = 1