TETERBORO, N.J., Oct. 28 /PRNewswire-FirstCall/ -- Quest Diagnostics
Incorporated (NYSE: DGX), the nation's leading provider of diagnostic testing,
information and services, announced that it and its test kit manufacturing
subsidiary, Nichols Institute Diagnostics (NID), each received a subpoena from
the U.S. Attorney's office for the Eastern District of New York late Monday.
The subpoenas seek the production of various business records, including
documents related to NID's FDA-cleared tests for parathyroid hormone (PTH)
levels.
Quest Diagnostics will cooperate with the government's investigation.
NID manufactures and markets diagnostic test kits and systems primarily
for esoteric testing. These tests are sold principally to hospitals, clinical
laboratories and dialysis centers. Quest Diagnostics' revenues from sales of
NID's PTH test kits and related testing are estimated to be less than 1% of
consolidated revenues.
Quest Diagnostics Incorporated is the nation's leading provider of
diagnostic testing, information and services, providing insights that enable
healthcare professionals to make decisions that improve health. The company
offers the broadest access to diagnostic testing services through its national
network of laboratories and patient service centers, and provides interpretive
consultation through its extensive medical and scientific staff. Quest
Diagnostics is the leading provider of esoteric testing, including gene-based
medical testing, and provides advanced information technology solutions to
improve patient care. Additional company information is available at:
http://www.questdiagnostics.com.
The statements in this press release which are not historical facts or
information may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause actual results and
outcomes to be materially different. Certain of these risks and uncertainties
may include, but are not limited to, competitive environment, changes in
government regulations, changing relationships with customers, payers,
suppliers and strategic partners and other factors described in the Quest
Diagnostics Incorporated 2003 Form 10-K and subsequent filings.
SOURCE Quest Diagnostics Incorporated
-0- 10/28/2004
/CONTACT: Investors: Laure Park, +1-201-393-5030, Media: Gary Samuels,
+1-201-393-5700, both of Quest Diagnostics Incorporated/
/Web site: http://www.questdiagnostics.com /
(DGX)