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Clairity, Myriad Genetics, and MagView Launch the First Integrated AI and Genetic Risk Platform for Personalized Breast Health
Globenewswire· 2025-11-25 21:15
Core Insights - Clairity, Myriad Genetics, and MagView have formed a collaboration to enhance breast cancer risk assessment for women, aiming to fill a significant gap in identifying high-risk individuals without adding administrative burdens [1][2][7] Company Summaries Clairity - Clairity is an AI-powered precision health company that has developed Clairity Breast, the first FDA-authorized tool to estimate a woman's five-year breast cancer risk from a routine mammogram, focusing on prevention rather than detection [3][6] - The company aims to empower health systems and radiologists to act earlier in cancer care, potentially saving lives and reducing overall healthcare costs [3] Myriad Genetics - Myriad Genetics specializes in molecular diagnostic testing and precision medicine, offering tests that assess disease risk and guide treatment decisions, thereby improving patient care and reducing healthcare costs [4][6] - The integration of Myriad's MyRisk Hereditary Cancer Test with Clairity's AI-powered assessment is expected to provide clinicians with actionable insights for earlier and more personalized interventions against breast cancer [2][7] MagView - MagView is a leader in breast imaging workflow solutions, providing software that enhances mammography reporting and high-risk screening, utilized by over 2,500 facilities across the U.S. [5][6] - The Luminary Risk platform from MagView will integrate Clairity and Myriad's offerings, streamlining risk information capture and improving workflow efficiency for breast health management [2][5]
Clairity, Myriad Genetics, and MagView Launch the First Integrated AI and Genetic Risk Platform for Personalized Breast Health
Globenewswire· 2025-11-25 21:15
Core Insights - The collaboration between Clairity, Myriad Genetics, and MagView aims to enhance breast cancer risk assessment by integrating genetic and phenotypic data, providing a more comprehensive view of risk for clinicians and patients [1][2][3] Group 1: Company Overview - Clairity is an AI-powered precision health company that has developed Clairity Breast, the first FDA-authorized tool to estimate a woman's five-year breast cancer risk from a routine mammogram [4][7] - Myriad Genetics specializes in molecular diagnostic testing and precision medicine, offering the MyRisk Hereditary Cancer Test, which combines genetic and clinical factors to assess disease risk [5][7] - MagView is a leader in breast imaging workflow solutions, providing software that integrates into electronic health records (EHRs) to enhance breast cancer screening processes [6][7] Group 2: Technological Integration - The integration of Clairity's AI-powered risk assessment with Myriad's genetic testing within MagView's platform aims to streamline the risk assessment process, improving workflow efficiency for healthcare providers [3][6] - The collaboration is designed to empower clinicians with actionable insights, enabling earlier and more personalized interventions in breast cancer care [3][6] Group 3: Market Impact - The partnership addresses a critical gap in breast cancer risk assessment, potentially increasing the identification of women at high risk without adding administrative burdens [1][2] - By focusing on proactive breast health management, the collaboration aims to improve patient outcomes and reduce overall healthcare costs associated with breast cancer treatment [4][5]
Myriad Genetics Adds 15 Clinically Actionable Genes to MyRisk® Hereditary Cancer Test to Support Evolving Clinical Needs
Globenewswire· 2025-11-10 13:30
Core Insights - Myriad Genetics has expanded its MyRisk Hereditary Cancer Test to include 100% of genes strongly recommended by national oncology guidelines, enhancing its position in molecular diagnostic testing [1][2][3] Group 1: Test Expansion and Clinical Relevance - The updated MyRisk panel now includes 63 selected genes associated with over 11 cancer types, reflecting the company's commitment to evolving clinical needs [2] - The MyRisk Test is designed to provide clinical value throughout the cancer care continuum, aiding in treatment decisions, surveillance planning, and family risk assessment [3] Group 2: Company Commitment and Expertise - Myriad Genetics emphasizes its expertise in interpreting DNA variants, which significantly impacts patient care, prioritizing genes that influence treatment decisions [3] - The company aims to provide high clinical utility insights to clinicians and genetic counselors, ensuring that the MyRisk Test remains relevant as guidelines evolve [3] Group 3: Accessibility and Integration - Clinicians can conveniently order and review MyRisk Test results through various platforms, including paper forms, the Myriad patient portal, and electronic medical record systems like EPIC and OncoEMR [3]
Myriad Genetics to Highlight Genetic Testing Advancements at 2025 National Society of Genetic Counselors Annual Conference
Globenewswire· 2025-11-06 13:30
Core Insights - Myriad Genetics, Inc. announced the presentation of 11 new research studies focused on advancements in oncology and reproductive genetic testing at the NSGC 44 Annual Conference [1][2] - The studies will feature products such as MyRisk Hereditary Cancer Test, FirstGene™ Multiple Prenatal Screen, Prequel Prenatal Screen, and Foresight Carrier Screen [1] Company Commitment - The company emphasizes its commitment to advancing scientific research to improve patient outcomes and provide innovative, data-driven insights for personalized patient care [2] - Myriad Genetics aims to enhance accessibility to genetic testing through collaboration with the genetic counseling community [2] Conference Participation - Myriad Genetics will showcase its latest innovations and support services at booth 317 and through poster presentations during the conference [2] - The presentation schedule includes sessions on November 7 and November 8, 2025 [3] Research Highlights - Key research topics include RNA analysis for interpreting Variants of Uncertain Significance (VUS), fetal fraction amplification for cfDNA screening, and prenatal cell-free DNA screening for maternal colorectal cancer [6] - Additional studies focus on the evolution of genetic screening reports, the spectrum of germline hereditary cancer mutations, and professional development for genetic counselors [6] Company Overview - Myriad Genetics is a leader in molecular diagnostic testing and precision medicine, dedicated to improving health and well-being through molecular tests that assess disease risk and guide treatment decisions [4]
Myriad(MYGN) - 2025 Q3 - Earnings Call Presentation
2025-11-03 21:30
Financial Performance - Q3 2025 revenue was $205.7 million[7], a decrease of 4% year-over-year[33] - Adjusted gross margin in Q3 2025 was 70.1%[7], a decrease of 50 basis points year-over-year[33] - Adjusted EBITDA for Q3 2025 was $10.3 million[7] - Adjusted EPS for Q3 2025 was $0.00[7], a decrease of $0.06 year-over-year[33] - Adjusted operating expenses decreased by $1 million year-over-year in Q3 2025[7] Volume Growth - Hereditary cancer test volume grew 11% year-over-year[8] - GeneSight volume grew 8% year-over-year[8], reflecting ongoing growth acceleration from Q1 '25[30] - Prolaris test volume showed positive growth year-over-year[8] Strategic Initiatives - The company is focused on the Cancer Care Continuum (CCC) to accelerate growth[7, 9, 11] - The company aims to grow revenue at or above market in Prenatal Health and Mental Health[7, 9, 12] - Myriad has commenced a multi-year program to invest >$35 million in its commercial capabilities addressing the Cancer Care Continuum[40] 2025 Financial Guidance - The company reiterates its 2025 financial guidance, with total revenue expected to be between $818 million and $828 million[42] - Gross margin is projected to be between 69.5% and 70.0%[42] - Adjusted operating expenses are expected to be between $562 million and $568 million[42] - Adjusted EBITDA is projected to be between $27 million and $33 million[42] - Adjusted EPS is expected to be between $(0.02) and $0.02[42]
Myriad Genetics Highlights New Research Advancements and Oncology Innovations at 2025 ASCO Annual Meeting
Globenewswire· 2025-05-27 20:05
Core Insights - Myriad Genetics will present data from seven new research studies at the 2025 ASCO Annual Meeting, focusing on Molecular Residual Disease (MRD) clinical outcomes from the MONSTAR-SCREEN-3 study [1][3] - The company emphasizes its commitment to advancing precision oncology through its comprehensive portfolio of genetic and tumor genomic testing solutions [1][3][7] MRD Studies - An oral abstract titled "Ultra-sensitive pan-cancer molecular residual disease assessment using whole-genome sequencing-based personalized ctDNA panel" will be presented, showcasing successful ctDNA detection across over 100 patients with a baseline detection rate of 100% [2] - The interim results indicate the ability to detect tumor fractions as low as 0.0001% and provide a lead time in detecting recurrence compared to imaging [2] Myriad Oncology Portfolio - Myriad Oncology will unveil a new brand identity at the ASCO meeting, highlighting its streamlined approach to germline testing, tumor profiling, and companion diagnostic testing [4] - Upcoming product innovations include the integration of Myriad's oncology portfolio with Flatiron's OncoEMR and Epic cloud-based platforms, enhancing workflow for clinicians [6] Product Innovations - The Precise MRD test, based on whole genome sequencing, is designed to monitor tumor-specific variants and is expected to launch commercially in 2026 [11] - The Prolaris Prostate Cancer Prognostic Test, utilizing AI technology, is anticipated to launch in early 2026, providing clinicians with data-driven insights for treatment decisions [11] - An expanded MyRisk Gene Panel is set to launch later this year, incorporating more clinically actionable genes based on national guidelines [11]