A new laboratory and biodiognostics company has opened in Lexington and expects to soon add 65 new high-tech jobs with an average annual wage of $50,000, exclusive of benefits.
Laboratory and BioDiagnostics LLC (LabDx) is a start-up firm that specializes in testing and delivery of lab results to electronic medical record systems. The company is employing technology to permit transferring lab results directly from the company’s new medical laboratory to customers’ electronic medical records systems. Their laboratory and reporting services are marketed to physicians and medical facilities to help eliminate errors while improving reporting speed. The company’s initial target market will be non-hospital based patient care providers currently using independent laboratories.
LabDx is a client of the Lexington Innovation and Commercialization Center, one of six statewide Innovation and Commercialization Centers (ICCs) providing locally accessible, business-building consulting and related services to Kentucky’s entrepreneurs and scientists.
“This is another example of the importance of education to local economic development and of the continuing growth in our thriving health care industry,” said Lexington Mayor Jim Newberry. “The founders of LabDx, who were educated at the University of Kentucky, have created a company with plenty of growth potential. Their company will offer good-paying jobs, and those jobs will, in turn, help us improve the quality of life in our community.”
The Kentucky Economic Development Finance Authority has awarded LabDx up to $250,000 from the Cabinet for Economic Development’s High-Tech Investment Pool.