Cemhan Biricik, CEO of Fast Lab Technologies, and Martin Perlin, its medical director, are alleged to have billed public and private payors for testing that was never done.

The laboratory medicine organization is focused on the benefits of using data science within laboratories to more effectively care for patients and track utilization.

The firm expects to see growth in its life science business, in particular after it showed positive signs during the second quarter.

Of the 30 companies in the index, 20 firms saw their stock price decline, eight saw their share price increase, and two were flat month over month.