Welcome to our dedicated page for Myriad Genetics news (Ticker: MYGN), a resource for investors and traders seeking the latest updates and insights on Myriad Genetics stock.
Myriad Genetics, Inc. (NASDAQ: MYGN) generates frequent news as a molecular diagnostic testing and precision medicine company. Its announcements often cover financial results, clinical research, product updates, and collaborations that shape how genetic and genomic testing is used in oncology, women’s health, and mental health care.
Investors and clinicians following MYGN news will see regular earnings releases and financial guidance updates, which the company also furnishes on Form 8-K. These updates describe trends in hereditary cancer testing, tumor profiling, prenatal screening, and pharmacogenomics, along with commentary on business performance and strategic priorities.
Scientific and medical conference activity is another major source of news. Myriad Genetics frequently reports new data on tests such as the MyRisk Hereditary Cancer Test, Precise MRD, FirstGene Multiple Prenatal Screen, Prequel Prenatal Screen, Foresight Carrier Screen, and the GeneSight Psychotropic test. Company communications highlight abstracts and posters at meetings like the San Antonio Breast Cancer Symposium and the National Society of Genetic Counselors Annual Conference.
News items also describe collaborations with partners including SOPHiA GENETICS, Clairity, and MagView, focused on areas such as liquid biopsy companion diagnostics and integrated breast cancer risk assessment platforms. Updates on leadership changes, credit facilities, and conference presentations at investor healthcare events are also part of the MYGN news flow.
This page provides a centralized view of these developments so readers can review Myriad Genetics’ latest financial disclosures, research milestones, product enhancements, and partnership announcements in one place.
Myriad Genetics (NASDAQ: MYGN) has announced its support for the National Society of Genetic Counselors' (NSGC) newly published expanded carrier screening (ECS) practice guidelines. These guidelines advocate for equitable access to ECS for all individuals considering reproduction and pregnant couples. Myriad's leadership, including Dale Muzzey, Katie Johansen Taber, and Gabriel Lazarin, emphasized the positive impact of these guidelines in a recent video. The company continues to focus on advancing genetic testing and precision medicine to enhance patient care.
Myriad Genetics reported strong performance in Q4 2022, with testing volumes up 26% year-over-year and a 36% increase in GeneSight revenue. The fourth quarter revenue reached $177.8 million, marking an 11% year-over-year growth. The gross margin stood at 70%, reflecting stable pricing and cost management. However, GAAP EPS was $(0.52), with adjusted EPS at $(0.12). For fiscal year 2023, Myriad expects revenue between $720 million and $750 million, indicating annual growth of 6% - 11%. The company is confident in achieving over 10% annual growth by 2024, driven by product innovation and strategic investments.
Myriad Genetics (NASDAQ: MYGN) will hold its fourth-quarter earnings call on February 28, 2023, at 4:30 PM ET, following the earnings release after market close on the same day. The call will provide a financial overview and update on company performance for the quarter ending December 31, 2022. Interested parties can participate via a dial-in number or watch a live webcast on the company's website.
Myriad Genetics specializes in genetic testing and precision medicine, offering tests that inform disease risk assessment and treatment decisions, enhancing patient care and reducing healthcare costs.
Myriad Genetics (NASDAQ: MYGN) has announced its participation in key healthcare conferences. Management will present at the BTIG MedTech, Digital Health, Life Sciences and Diagnostic Tools Conference on February 14, 2023. Additionally, they will be featured at the 44th Annual Raymond James Institutional Investors Conference on March 6, 2023, at 11:35 a.m. ET, and the 43rd Annual Cowen Health Care Conference on March 7, 2023, at 10:30 a.m. ET. Live audio webcasts for these presentations will be accessible via Myriad's investor section on their website.
Myriad Genetics (NASDAQ: MYGN) highlighted key clinical studies from 2022, showcasing its commitment to enhancing genetic testing accessibility and equity. Significant advancements include the development of RiskScore®, a breast cancer polygenic risk score for diverse populations, and the improved efficacy of GeneSight® in treating major depressive disorder. Research also led to a comprehensive carrier screening panel for genetic diseases and the ability to execute the MyChoice® HRD assay in decentralized locations. These innovations illustrate Myriad's focus on reducing healthcare disparities and optimizing patient outcomes.
Myriad Genetics (NASDAQ: MYGN) is advancing non-invasive prenatal screening (NIPS) with its products Prequel and the upcoming FirstGene test, leveraging AMPLIFY technology. The recent update by the American College of Medical Genetics and Genomics (ACMG) endorses NIPS for various chromosomal abnormalities. Prequel already screens for sex-chromosome aneuploidies and microdeletions, enhancing accuracy through increased fetal fraction. The new FirstGene test will combine multiple screening modalities into a single blood draw, expected to launch in Q3 2023, offering significant improvements in prenatal screening.
Myriad Genetics (NASDAQ: MYGN) announced that its CEO, Paul J. Diaz, and Chief Scientific Officer, Dale Muzzey, will present at the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023, at 4:30 p.m. PST/7:30 p.m. EST. The presentation will be available via a live webcast on the company's Investor Relations website, with an archived version accessible later that day. Additionally, COO Nicole Lambert will join a panel discussion on global precision medicine at the Goodwin + KPMG Symposium on January 11, 2023, at 10:45 a.m. PST/1:45 p.m. EST.
Myriad Genetics, Inc. (NASDAQ: MYGN) has announced the appointment of five senior executives to enhance its product management and commercial strategy. Key new hires include Marc Leighton as SVP for Product Management, Glenn Farrell as CMO, and others responsible for lab transformation and business development. Their collective experience aims to bolster Myriad's growth in genetic testing and precision medicine. CEO Paul J. Diaz expressed confidence that their leadership will drive sustainable growth and innovation, positioning the company for future success.
Myriad Genetics (NASDAQ: MYGN) has announced positive results from a longitudinal study validating its MyRisk™ Hereditary Cancer test with RiskScore® as an accurate breast cancer risk predictor. Presented at the 2022 San Antonio Breast Cancer Symposium, the study involved over 130,000 women and demonstrated that RiskScore can better stratify high- and low-risk patients compared to standard assessments. This advancement in precision medicine could enhance breast cancer prevention strategies, allowing women to make informed management decisions regarding their health.
Myriad Genetics (NASDAQ: MYGN) presented new data at the 2022 San Antonio Breast Cancer Symposium, focusing on a spotlight discussion regarding breast cancer risk prediction. The discussion covered a study involving 130,058 women, highlighting the use of a combined risk score based on polygenic risk scores and the Tyrer-Cuzick model. The findings aim to enhance breast cancer prevention and screening strategies. Myriad showcased various products, including MyRisk, MyChoice CDx, and EndoPredict, emphasizing their role in personalized cancer care.