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Myriad Genetics Inc

Myriad Genetics, Inc. is a molecular diagnostics and precision medicine company that develops molecular tests. Its offerings include tests for oncology, women's health, and pharmacogenomics, such as the MyRisk Hereditary Cancer test, BRACAnalysis CDx, MyChoice CDx, Prolaris, EndoPredict, Precise Tumor Molecular Profile, Prequel Prenatal Screen, Foresight Carrier Screen, SneakPeek Early Gender DNA test, FirstGene, and GeneSight Psychotropic. The company has license collaborations with Illumina, Inc., University of Texas M.D. Anderson Cancer Center, Mayo Foundation for Medical Education and Research, Children's Medical Center in Boston, Institut Curie and INSERM, and Eurobio Scientific SA. Founded in 1991, it is headquartered in Salt Lake City, Utah.

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Kirby McInerney LLP investigates Myriad Genetics for potential securities fraud

Kirby McInerney LLP announced an investigation into potential securities fraud claims against Myriad Genetics. The investigation concerns whether the company or its senior management violated federal securities laws. On July 30, 2026, Myriad Genetics reported an 11% year-over-year decline in second-quarter revenue to $190.7 million and a 9% drop in average revenue per test, while reducing full-year 2026 revenue guidance to $770 to $790 million and revealing an $11 million revenue reduction from changes in collection estimates. Hereditary cancer testing revenue fell 13% despite an 8% volume increase, which management attributed to lower reimbursement and unfavorable estimate changes, and acknowledged that earlier engagement with payers could have reduced the downstream impact. Following the news, Myriad's stock price fell 47% to close at $2.86 on July 31, 2026.
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Biotech & Genomic Medicine4

Myriad Genetics Cuts 2026 Revenue Outlook on Weaker Prenatal Testing

Myriad Genetics lowered its full-year 2026 revenue guidance to between US$770 million and US$790 million, citing softer prenatal health test volumes and more cautious expectations for revenue per test. The company reported second-quarter 2026 sales of US$190.7 million and a reduced net loss of US$43.2 million. At the same time, Myriad expanded its partnership with Burning Rock Biotech through a new global HRD technology licensing agreement, advancing its oncology testing business even as prenatal testing faces headwinds. The revised guidance challenges the investment narrative that oncology growth can offset pressures in legacy and prenatal lines, elevating execution risk around the mix shift toward higher-value cancer testing.
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Myriad Genetics Shares Plunge 46% After Disappointing Results and Lowered Forecast

Shares of Myriad Genetics fell 46.1% after the genetic testing company reported second-quarter 2026 results that missed Wall Street expectations and slashed its full-year revenue guidance. Revenue came in at $190.7 million, down 10.5% year-over-year and below analyst projections, while the adjusted loss per share of $0.25 was significantly wider than anticipated. The company cut its full-year revenue forecast to a midpoint of $780 million, a decrease of over 10% from its previous outlook, signaling continued business challenges. The stock is down 53.3% year-to-date and trading at $2.87 per share, 65% below its 52-week high of $8.18 from November 2025.
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Biotech & Genomic Medicine

Myriad Genetics Launches FirstGene Four-in-One Prenatal Genetic Screening Test

Myriad Genetics announced the full commercial launch of FirstGene Multiple Prenatal Screen, a laboratory test that simultaneously performs four prenatal genetic screens from a single maternal blood draw as early as eight weeks of pregnancy. The test combines fetal chromosome screening, fetal single-gene screening, patient carrier screening, and fetal RhD screening into one report with results in about 10 days. It demonstrated more than 98% analytical sensitivity and more than 99% analytical specificity across its components. Myriad shares were trading down 0.70% at $5.88.
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Myriad Genetics Outperforms Aspira Women's Health as Better Women's Diagnostics Stock

Myriad Genetics is the better-positioned stock in women's health diagnostics compared with Aspira Women's Health, according to a Zacks Investment Research analysis. Over the past three months, Aspira shares rose 2.5% while Myriad gained 20.4%, though Aspira rallied 81.8% over the past year versus Myriad's 38.5%. Aspira trades at a trailing 12-month enterprise value-to-sales multiple of 2.03, below its five-year median of 2.87, while Myriad's multiple sits at 0.70, below its five-year median of 2.07, both appearing attractively valued against the Zacks Medical sector average of 2.78. Myriad's diversified portfolio across oncology, women's health and mental health, broader commercial footprint and improving execution give it an edge over Aspira's narrower focus on gynecologic diagnostics and AI-powered test pipeline.
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Biotech & Genomic Medicine2

Myriad’s Prolaris Biopsy Test Shows Strong Prognostic Performance in Large Meta-Analysis

Myriad Genetics announced newly published data from the largest individual-patient-data meta-analysis of its Prolaris Biopsy Test, demonstrating that the test adds significant prognostic information beyond conventional clinical risk categories for patients with localized prostate cancer. The study, published in Clinical Genitourinary Cancer, pooled data from 14 studies involving 8,478 patients, with individual participant data available for 7,924 patients. Results showed that the Prolaris combined clinical risk score was significantly prognostic for distant metastasis and prostate cancer-specific mortality across all NCCN risk groups and initial disease management strategies. The analysis provides further evidence that Prolaris offers independent, additive prognostic information beyond established clinical tools such as Gleason score, CAPRA score, and NCCN risk group. The Prolaris Biopsy Test analyzes gene expression from a prostate biopsy sample and incorporates clinical information to generate a CCR score intended to support initial prostate cancer management discussions, including active surveillance, definitive therapy, and multi-modal escalation.
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Wall Street Issues Rare Downbeat Forecasts on RH and Myriad Genetics, While Coca-Cola Draws Interest

Wall Street has issued rare downbeat forecasts on RH and Myriad Genetics, while Coca-Cola is highlighted as a stock worth watching. RH, formerly Restoration Hardware, faces flat sales and a 39.2% annual decline in earnings per share over three years, along with a high net-debt-to-EBITDA ratio of 7 times. Myriad Genetics has seen annual revenue growth of just 3.5% over two years and negative returns on capital. In contrast, Coca-Cola benefits from a 61.4% gross margin, a 27% operating margin, and a 27.5 percentage point increase in free cash flow margin over the past year.
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Therapeutics stocks beat Q1 revenue estimates by 14.5%

The 11 therapeutics stocks tracked by this publication reported a satisfactory first quarter, with aggregate revenues beating analysts' consensus estimates by 14.5%. Myriad Genetics posted revenues of $200.4 million, up 2.3% year on year but missing expectations by 1%, while Moderna delivered the fastest revenue growth among its peers with $389 million, a 260% increase that exceeded estimates by 55.8%. United Therapeutics was the weakest performer against analyst estimates, with revenues of $781.5 million down 1.6% year on year and missing by 1.9%. Amgen reported $8.62 billion in revenues, up 5.8% and beating estimates by 1.4%, and BioMarin Pharmaceutical recorded $766.2 million, up 2.8% but lagging expectations by 1.3%. Since their latest earnings results, therapeutics stocks have seen share prices rise 14% on average.
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Biotech & Genomic Medicine2

Myriad Genetics Stock Jumps 9.2% on Expanded Cancer Test Availability and Positive Study Results

Myriad Genetics shares surged 9.2% after the company expanded availability of its Precise MRD test for breast, colorectal, and renal cancers and announced positive clinical study results. The test, which monitors treatment response and cancer recurrence, is now accessible to over 6 million individuals in the U.S. living with these cancers. A study in breast cancer patients found that Precise MRD predicted a complete response to treatment with 100% specificity, and patients who tested positive for circulating tumor DNA after initial therapy were 47 times more likely to remain positive after surgery, highlighting the test's ability to identify those at higher risk for residual disease.
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Biotech & Genomic Medicine2

Myriad Genetics expands Precise MRD test to breast, colorectal and renal cancers

Myriad Genetics announced expanded availability of its Precise MRD test to patients with breast, colorectal and renal cancers, a move that broadens access to the ultrasensitive circulating tumor DNA assay for more than 6 million individuals living with these cancers in the U.S. The whole-genome sequencing-based test tracks up to 1,000 patient-specific variants and is designed for use across the cancer care continuum, from neoadjuvant therapy through post-surgical assessment and long-term surveillance. The company also published results from the prospective MONITOR-Breast study in Future Oncology, which showed that serial ctDNA monitoring during neoadjuvant therapy identified 44% more patients at risk for residual disease than testing at a single post-treatment timepoint alone. In the study of 154 patients with Stage I–III breast cancer, Precise MRD detected ctDNA in 93% of patients at baseline and predicted pathological complete response with 100% specificity, while patients who remained ctDNA positive at the end of neoadjuvant therapy were 47 times more likely to stay ctDNA positive after surgery.
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Therapeutics Stocks Q1 Earnings: Moderna Leads, United Therapeutics Lags

Among 11 therapeutics stocks tracked, first-quarter revenues beat analysts' consensus estimates by 14.5% on average. Moderna reported revenues of $389 million, up 260% year on year and exceeding expectations by 55.8%, making it the best performer in the group. United Therapeutics posted the weakest results with revenues of $781.5 million, down 1.6% year on year and missing estimates by 1.9%. Gilead Sciences reported revenues of $6.96 billion, up 4.4% year on year and beating expectations by 1.5%, but its full-year EPS guidance missed significantly. Novavax recorded the biggest analyst estimate beat with revenues of $139.5 million, down 79.1% year on year but surpassing expectations by 84.5%, while Myriad Genetics reported revenues of $200.4 million, up 2.3% year on year and missing estimates by 1%.
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