IDEXX (IDXX) Bets an AI Scribe Can Sell More Pet Diagnostics
IDEXX Laboratories (IDXX) acquired CoVetAI, a veterinary software company, to enhance its diagnostic services. The tool integrates with IDEXX's existing systems and aims to increase diagnostic test usage. IDEXX reported Q2 revenue growth of 10% and 11% in recurring diagnostics, with over 1,600 new analyzers placed. The deal terms were not disclosed, and the long-term impact on earnings is uncertain. IDEXX's forward P/E is 30.86 as of September 18.




