Laboratory Corporation of America® Holdings (LabCorp®) today announced that Garheng Kong MD PhD has been appointed to its Board of Directors effective December 1 2013.
“We are delighted that Garheng has accepted our invitation to join the LabCorp Board of Directors effective December 1 2013” said David P. King Chairman and Chief Executive Officer. “Garheng’s broad life sciences experience ranging from his medical training to his leadership in several venture backed companies to his strategic investment analysis brings a unique and important perspective to LabCorp as we continue to execute our five pillar strategy.”
Dr. Kong is a General Partner in Sofinnova Ventures a life sciences investment firm based in Menlo Park California. He has served as chairman and director on the boards of numerous companies and operated as interim CEO for two venture-backed companies. Prior to joining Sofinnova Ventures Dr. Kong was at Intersouth Partners most recently as a general partner. During that time he served as the founding investor and chairman of numerous life sciences companies. Dr. Kong has served on the boards of directors of numerous organizations supporting innovation and research in the life sciences field including the North Carolina Biotechnology Center the Hamner Institutes for Life Sciences the University of Florida Biotechnology Council and the Investor Advisory Board for the Florida Institute for the Commercialization of Public Research. Prior to his career in private equity Dr. Kong worked for GlaxoWellcome in clinical development and marketing and for McKinsey & Company. Dr. Kong received his MD (Medical Scientist Training Program) PhD in Biomedical Engineering and MBA from Duke University. He also holds degrees in Chemical Engineering and Biological Sciences from Stanford University.
Laboratory Corporation of America® Holdings an S&P 500 company is a pioneer in commercializing new diagnostic technologies and the first in its industry to embrace genomic testing. With annual revenues of $5.7 billion in 2012 over 34000 employees worldwide and more than 220000 clients LabCorp offers more than 4000 tests ranging from routine blood analyses to reproductive genetics to companion diagnostics. LabCorp furthers its scientific expertise and innovative clinical testing technology through its LabCorp Specialty Testing Group: The Center for Molecular Biology and Pathology National Genetics Institute ViroMed Laboratories Inc The Center for Esoteric Testing Litholink Corporation Integrated Genetics Integrated Oncology Dianon Pathology Monogram Biosciences Inc Colorado Coagulation Cellmark Forensics MedTox and Endocrine Sciences. LabCorp conducts clinical trials testing through its LabCorp Clinical Trials division. LabCorp clients include physicians government agencies managed care organizations hospitals clinical labs and pharmaceutical companies.