March 2008
This year continues to be a tough one for the lab industry, with the G-2 Laboratory Stock Index down 7% over the last five weeks for the week ended Feb. 22, 2008. But February wasnt unkind to all the publicly traded laboratories, many of whom released fourth quarter and full year 2007 results last month. For instance, LabCorp (Burlington, NC) was up 8% to $79.29 per share for a market cap of $9.1 billion over the past four weeks for the week ended Feb. 22, 2008. Another company, Monogram Biosciences (South San Francisco, CA) was up 19% to $1.46 per share for a market cap of $193 million for the same time period.
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