California to spend up to $1.4 billion on new Covid-19 testing laboratory

California is launching a large-scale expansion of its Covid-19 testing efforts with a recently signed contract with a Massachusetts diagnostics company, Gov. Gavin Newsom said Wednesday. The state is looking to more than double its current testing abilities through a new laboratory facility that will be operated by PerkinElmer Inc. (NYSE: PKI), a diagnostics company based in Waltham, Massachusetts. It was not immediately clear where the new laboratory would be located. Testing fo r Covid-19 has…
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