	Quintiles and Quest Diagnostics announced a definitive agreement to form a global clinical trials laboratory services business.

The new entity will provide customers with the depth of capabilities and end-to-end clinical trial laboratory services and becomes the second-largest central laboratory services company operating globally. Upon closing of the transaction, Quintiles will own 60% and Quest Diagnostics will own 40% of the new joint venture.

	The new entity also will leverage a number of additional resources including Quest Diagnostics draws from 20 billion test results, and Quintiles’ assets include electronic health records representing more than 60 million patient lives and a network of 250,000 clinical investigators.

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Quintiles and Quest Diagnostics announced a definitive agreement to form a global clinical trials laboratory services business.