IDEXX Laboratories Inc (IDXX) News & EventsIDXXIDEXX Laboratories Inc

IDEXX Laboratories Acquires CoVetAI to Expand Software Ecosystem

IDEXX Laboratories announced the acquisition of CoVetAI, a leading and rapidly growing provider of AI-native ambient listening and clinical workflow software for veterinary practices. CoVet helps veterinary teams automatically capture and organize information across the patient care journey, from consultation to treatment planning and client follow-up. The acquisition expands the value of IDEXX's software, diagnostics, and AI offerings by making information more accessible, actionable, and connected across the practice. CoVet will be integrated into the IDEXX software ecosystem, which will continue to support other ambient scribe solutions and third-party integrations.

IDEXX Launches Catalyst proBNP Test, Enhancing Cardiac Testing Capabilities

IDEXX Laboratories announced the launch of the Catalyst proBNP Test, expanding cardiac capabilities across its connected point-of-care and reference laboratory portfolio. The test measures a biomarker used to evaluate heart disease in companion animals, a condition that affects approximately 1 in 6 cats and 1 in 10 dogs. "For many veterinarians, cardiac evaluation has often involved delays, added costs, or immediate referrals," said Mike Erickson, President and Chief Executive Officer of IDEXX. "With Catalyst proBNP, veterinarians get clear, quantitative results in minutes, not days, so they can make informed decisions earlier. That changes how care is delivered and expands what's possible in everyday practice."

IDEXX Laboratories Q2 Revenue $1.22B Beats Expectations

Reports Q2 revenue $1.22B, consensus $1.2B. "Our Q2 results reflect the strength of our Technology for Life strategy, with continued innovation across our Catalyst, Fecal Dx, and IDEXX inVue Dx platforms supporting deeper customer adoption and higher diagnostic utilization," said CEO Mike Erickson. "This is the kind of durable, compounding growth we're building for the long term, helping veterinarians see more and do more for their patients while creating lasting value for our shareholders."