Myriad Genetics Inc - Company Profile

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Myriad Genetics Inc: Segment Analysis

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Business Description

Myriad Genetics Inc (Myriad) is a molecular diagnostic testing company. It develops and offers molecular tests that assess the risk of developing diseases, guide treatment decisions, and provide insights across various medical specialties. The company serves industries such as oncology, women's health, and pharmacogenomics. Myriad also offers financial assistance and flexible payment plans. It also engages in biopharma services, offering companion diagnostic development and clinical trial testing.

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R&D Overview

Myriad is focused on the advancement of advancing its research and development (R&D) initiatives through a comprehensive approach to innovation. The company's R&D strategy focuses on expanding diagnostic capabilities, driving clinical utility, fostering strategic partnerships, and strengthening its intellectual property portfolio. The company invests in the development of new innovative testing products and the enhancement of its existing portfolio of testing products to enhance patient outcomes and broaden the accessibility of precision medicine. R&D efforts prioritize robust clinical data and assay development to address key clinical questions. By collaborating with healthcare professionals and researchers, the company strives to validate and improve the clinical efficacy of its diagnostic solutions. As part of its long-term growth strategy, the company plans to increase its investment in R&D in FY2026 to drive innovation and new product development and enhance clinical evidence generation through clinical studies. These initiatives align with the company's commitment to improving diagnostic accuracy, expanding its test portfolio, and strengthening its position in precision medicine. The R&D unit of Myriad is located at the Walter Gilbert Research and Innovation Center in South San Francisco, California, the US, which focuses on administration, R&D, and operates a laboratory for the company's Women’s Health business. In 2025, significant advancements were made in R&D efforts, strengthening the portfolio of innovative diagnostic solutions, including advancements in Molecular Residual Disease (MRD), Prenatal and Reproductive Health, Oncology and Companion Diagnostics, Hereditary Cancer and Preventive Genomics, and Prostate Cancer and Artificial Intelligence Development. Myriad Genetics received six new US patents in 2025 related to its high-definition, tumor-informed molecular residual disease (MRD) assay, Precise MRD. The company announced a collaboration with SOPHiA GENETICS SA to co-develop a global liquid biopsy companion diagnostic (CDx) testing solution. Additionally, the company advanced the development of an AI-enabled prostate cancer diagnostic test in collaboration with PATHOMIQ Inc. In FY2025, the company spent US$106.8 million on its R&D activities, which as a percentage of revenue, stood at 12.9%.


Product Categories

Overview

Offers various types of tests for assessing the risks of hereditary cancer through the brands MyRisk and BRACAnalysis CDx. MyRisk offers DNA sequencing tests that analyze 63 separate genes for any deleterious mutations for risks such as breast, ovarian, uterine, renal, colorectal, endometrial, melanoma, pancreatic, prostate, skin, and gastric cancers. The MyRisk Genetic Test Result and MyRisk Management Tool summarize medical society guidelines for managing a patient with a genetic mutation. It also includes RiskScore, which incorporates assessment of the patient’s clinical risk factors, family history, and unique genetic, ancestry-informed breast cancer risk markers. BRACAnalysis CDx offers DNA sequencing tests for patients with metastatic breast, ovarian, metastatic pancreatic, or metastatic prostate cancer with deleterious or suspected deleterious germline BRCA variants.

Performance

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Overview

Provides mental health tests through the brand GeneSight. GeneSight is a DNA genotyping test to guide the psychotropic drug selection for patients suffering from depression, anxiety, attention-deficit/hyperactivity disorder (ADHD), and other mental health conditions. Includes over 60 medications commonly prescribed for depression, anxiety, ADHD, and other psychiatric conditions.

Performance

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Overview

Offers various types of prenatal tests through the brands Foresight, Prequel, and SneakPeek. Foresight offers the assessment of parents' risk of passing on a recessive genetic condition to their offspring. Includes screening of up to 274 genes associated with serious and prevalent inherited conditions. Prequel is a non-invasive prenatal screening (NIPS) test that uses maternal blood to screen for severe chromosomal disorders in a fetus. SneakPeek is a non-invasive blood test that predicts the gender of a fetus after six weeks of gestation.

Performance

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Overview

Offers various types of tumor tests through the brands MyChoice CDx, Prolaris, EndoPredict, and Precise Tumor. MyChoice CDx determines homologous recombination deficiency (HRD) status in patients with ovarian cancer. Prolaris is an RNA expression tumor analysis for assessing the aggressiveness of prostate cancer. It is used to assess whether a patient is likely to have a slow-growing, indolent form of prostate cancer or a more aggressive form of the disease. Precise is a comprehensive genomic profiling test, which is a pan-cancer, NGS-based assay that uses next-generation sequencing to discover and target important variants within tumors. EndoPredict is an RNA expression test for assessing the aggressiveness of breast cancer. The expression test is used to determine which women with breast cancer may benefit from chemotherapy in the US only.

Performance

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Gain a 360-degree view of Myriad Genetics Inc and make more informed decisions for your business Gain a 360-degree view of Myriad Genetics Inc and make more informed decisions for your business Learn more


Geographical Segments

Performance

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Performance

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Gain a 360-degree view of Myriad Genetics Inc and make more informed decisions for your business Gain a 360-degree view of Myriad Genetics Inc and make more informed decisions for your business Learn more
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