LabCorp and Covance are not the same, but they are closely related. Covance is a subsidiary of LabCorp, specializing in drug development and testing services. LabCorp acquired Covance in 2015, expanding its capabilities in clinical and laboratory services.
Here’s a quick comparison:
| Feature | LabCorp | Covance |
|---|---|---|
| Type | Clinical laboratory services | Drug development and testing |
| Parent Company | LabCorp (since 2015) | Subsidiary of LabCorp |
| Primary Focus | Diagnostic testing | Clinical research and trials |
| Clientele | Healthcare providers, patients | Pharmaceutical companies |
LabCorp provides a wide range of laboratory services, while Covance focuses specifically on supporting pharmaceutical and biotechnology companies in their drug development processes.