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IQV - IQVIA Holdings Inc News Story

$234.39 3.2  1.4%

Last Trade - 07/05/21

Large Cap
Market Cap £32.15bn
Enterprise Value £39.39bn
Revenue £8.60bn
Position in Universe 283rd / 6858

BUZZ-IQVIA Holdings: Up as co buys remaining stake in JV; raises 2021 forecast

Thu 1st April, 2021 5:49pm
** Shares of contract research services provider  IQV.N 
rise about 2% to $197.2
    ** IQV says it acquired 40% minority stake in clinical trial
laboratory services provider Q2 Solutions from Quest Diagnostics
 DGX.N  for $760 mln*:nBw1HPhJHa
    ** Co says it now has complete ownership of Q2 Solutions,
which was established in 2015 as joint venture of IQV and DGX
    ** Transaction has been financed through cash on hand and is
not expected to impact IQVIA's target net leverage ratio - Co
    ** IQV raises its 2021 adjusted earnings per share forecast
to $7.89-$8.20 from $7.77-$8.08; expects acquisition to add to
its full-year earnings
    ** Evercore ISI thinks deal boosts IQV's lab capabilities
and bodes well for bookings in co's drug development services
    ** IQV had risen 7.8% YTD, as of last close

 (Reporting by Amruta Khandekar)
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