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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]
Is it a Prudent Move to Retain MYGN Stock in Your Portfolio Now?
ZACKS· 2025-09-16 13:21
Core Insights - Myriad Genetics, Inc. (MYGN) is focusing on expanding its companion diagnostics and driving market growth through new clinical guidelines and offerings in its Oncology business, although macro pressures and competition pose significant concerns [1][10] Financial Performance - Over the past year, MYGN shares have declined by 74.5%, while the industry has seen a 13.5% decline, and the S&P 500 has gained 18.7% [2] - The company has a market capitalization of $673.6 million and a flat earnings yield that is better than the industry's -21.8% yield [2] - MYGN's earnings have surpassed estimates in three of the last four quarters, with an average surprise of 210% [2] Growth Strategies - The growth strategy for MYGN's Oncology business includes expanding companion diagnostics and introducing new offerings, such as the Precise MRD test for early cancer recurrence detection [3][10] - A study published in The Lancet Oncology demonstrated the effectiveness of the Precise MRD test in patients with oligometastatic clear-cell renal cell carcinoma [4] - The updated NCCN guidelines now include MYGN's Prolaris test for various risk levels at the time of initial biopsy [5] Product Development - MYGN is investing in innovative testing products, including the FirstGene Multiple Prenatal Screen, which is expected to expand the prenatal market by 2026 [6] - The company launched the Prequel Prenatal Screen for genetic insights as early as eight weeks into pregnancy [7] - The Precise Tumor test, which analyzes over 500 cancer-related genes, has also been introduced [8] Challenges - MYGN faces macroeconomic pressures, including inflation impacting labor costs and laboratory supply expenses, which could affect profitability [11] - Increasing competition from new players and advancements in technology may lead to price competition, potentially impacting MYGN's margins [12][13] Revenue Estimates - The Zacks Consensus Estimate for MYGN's 2025 revenues is projected at $821.7 million, indicating a 1.9% decline from the previous year [14]
Tempus AI Boosts R&D Efforts Through Wide-Ranging Product Launches
ZACKS· 2025-07-07 14:55
Core Insights - Tempus AI (TEM) is advancing precision medicine through a strong pipeline of R&D initiatives, including the introduction of xM, a liquid biopsy assay for advanced solid tumors, and the launch of the Fuses program to enhance AI-enabled diagnostics [1][2][3] Product Development - The company launched olivia, an AI-enabled personal health concierge app, and an FDA-approved NGS-based in vitro diagnostic device, xT CDx, for solid tumor profiling [2] - Tempus AI is developing its first whole-genome sequencing test, xH, aimed at supporting personalized therapy in hematological oncology [3] Competitive Landscape - Peers like Veracyte (VCYT) and Myriad Genetics (MYGN) are also innovating in precision diagnostics, with Veracyte launching the Decipher Prostate test and Myriad introducing the Prequel Prenatal Screen and Foresight Carrier Screening test [4][5] Financial Performance - Over the past year, Tempus AI shares have increased by 83.6%, outperforming the industry growth of 38% and the S&P 500's 12.3% [6] - The company's current forward Price-to-Sales (P/S) ratio is 7.50X, higher than the industry average of 5.88X [8] Earnings Estimates - Earnings estimates for Tempus AI show a mixed outlook for 2025 and 2026, with current estimates remaining stable over the past month [10][11]