Core Insights - Myriad Genetics, Inc. (MYGN) has demonstrated the superiority of its GeneSight Psychotropic test over treatment-as-usual (TAU) for patients with major depressive disorder (MDD) who have experienced treatment failure, as evidenced by a recent meta-analysis published in the Journal of Clinical Psychopharmacology [1][9] Company Summary - The GeneSight Psychotropic test analyzes 64 medications commonly prescribed for depression, anxiety, ADHD, and other psychiatric conditions, helping clinicians understand how a patient's genetics may affect their response to these medications [6] - The recent meta-analysis included six prospective, controlled trials with a total of 3,532 unique adults with MDD, showing that patients using the GeneSight test were 41% more likely to achieve remission and 30% more likely to respond compared to those receiving TAU [7][8][9] - Myriad Genetics has a market capitalization of $631.8 million and a long-term EPS growth rate of 33.1%, significantly higher than the industry average of 21.1% [5] Industry Summary - The mental health tester market is projected to reach $5.10 billion by 2033, growing at a compound annual growth rate of 8.6% from 2026 to 2033, driven by increasing awareness of mental health issues and demand for effective assessment methods [10]

Results published in the Journal of Clinical PsychopharmacologySALT LAKE CITY, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in molecular diagnostic testing and precision medicine, today announced the publication of a new meta-analysis of six prospective controlled studies1 that included 3,532 adults with major depressive disorder (MDD). The meta-analysis showed that when GeneSight® Psychotropic test results were available to treating clinicians, there were significant i ...

Core Insights - A significant majority of Americans diagnosed with depression and/or anxiety believe mental health medications are effective, yet concerns about side effects prevent over half from taking them [1][2] - Genetic testing for mental health medications is viewed positively, with 54% of patients believing it could alleviate concerns regarding side effects [2][3] Company Overview - Myriad Genetics, Inc. is a leader in molecular diagnostic testing and precision medicine, offering the GeneSight test which analyzes how a patient's genes may influence their response to mental health medications [1][11] - The GeneSight test is recognized as a category-leading pharmacogenomic test for over 60 medications commonly prescribed for psychiatric conditions [11][12] Survey Findings - The GeneSight Mental Health Monitor survey indicates that 62% of patients whose providers did not use PGx testing wished they had been informed about it [3] - The survey also revealed that 67% of Americans believe it is socially acceptable to take medications for mental health, and 66% have a positive view of others taking such medications [8][9] Patient Experience - The case of a patient, Lisa Roberts, illustrates the practical benefits of the GeneSight test in prescribing effective medication without the lengthy trial-and-error process [5][6] - The survey results show that respondents rated the effectiveness of mental health medications similarly to medications for other chronic conditions, such as high blood pressure and high cholesterol [6]