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Myriad Genetics to Present Multiple Studies at the 2019 American Society of Clinical Oncology Annual Meeting

1143 Days ago

SALT LAKE CITY, May 14, 2019 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in personalized medicine, today announced that it will present results from multiple studies at the 2019 American Society of Clinical Oncology (ASCO) annual meeting to be held May 31 to June 4, 2019 in Chicago, Ill.  Abstracts of the company's presentations will be available at: abstracts.asco.org on May 15 at 5:00 p.m. EDT.

"Myriad is committed to advancing personalized medicine and providing oncologists with high-quality genetic information to enhance care for their patients," said Johnathan Lancaster, M.D., Ph.D., chief medical officer, Myriad Genetics.  "At this year’s ASCO, we are excited to present multiple studies that highlight the clinical performance of several of Myriad’s genetic tests.”

A list of presentation at ASCO 2019 are below.  Please visit Myriad Genetics at booth #5087 to learn more about our leading portfolio of personalized medicine products.  Follow Myriad on Twitter via @myriadgenetics and keep up to date with ASCO meeting news and updates by using the hashtag #ASCO19. 

Featured Research at 2019 ASCO
Myriad Product Abstract Presenting Author Presentation/Poster Details
myRisk® Hereditary Cancer
Prevalence and penetrance of inherited pathogenic variants in breast cancer susceptibility genes in the Women’s Health Initiative Allison Kurian Poster (#1513)
Monday, June 3, 2019
Poster discussion 4:30-6:00pm
Poster Discussion Session: Cancer Prevention, Hereditary Genetics, and Epidemiology
Preventive surgery after multiplex genetic panel testing Gregory Idos Poster (#1525)
Monday, June 3, 2019
Poster Session: Cancer Prevention, Hereditary Genetics, and Epidemiology
Hereditary cancer genetic testing among patients with pancreatic cancer Nassim Taherian Poster (#4134)
Monday, June 3, 2019
Poster Session: Gastrointestinal (Noncolorectal) Cancer
myChoice® HRD CDx
TBCRC 030: A randomized phase II study of preoperative cisplatin vs paclitaxel in TNBC: evaluating the homologous recombination deficiency (HRD) biomarker Erica Mayer Podium (#507) Monday, June 3, 2019 9:45 a.m. – 12:45 p.m. Oral Abstract Session: Breast Cancer – Local/Regional/Adjuvant
Comparison between whole exome sequencing and single nucleotide polymorphism-based tumor mutation burden analysis Kirsten Timms Poster (#2634)
Saturday, June 1, 2019
Poster Session: Developmental Immunotherapy and Tumor Immunobiology

About Myriad myRisk ®  Hereditary Cancer
The Myriad myRisk Hereditary Cancer test uses an extensive number of sophisticated technologies and proprietary algorithms to evaluate 35 clinically significant genes associated with eight hereditary cancer sites including: breast, colon, ovarian, endometrial, pancreatic, prostate and gastric cancers and melanoma.

About myChoice® HRD CDx
Myriad's myChoice HRD CDx is the most comprehensive homologous recombination deficiency test, enabling physicians to identify patients with tumors that have lost the ability to repair double-stranded DNA breaks, resulting in increased susceptibility to DNA-damaging drugs such as platinum drugs or PARP inhibitors.  The myChoice HRD test is a composite of three proprietary technologies (loss of heterozygosity, telomeric allelic imbalance and large-scale state transitions).  For more information, please visit: https://myriadmychoice.com/.

About Myriad Genetics
Myriad Genetics Inc., is a leading personalized medicine company dedicated to being a trusted advisor transforming patient lives worldwide with pioneering molecular diagnostics.  Myriad discovers and commercializes molecular diagnostic tests that: determine the risk of developing disease, accurately diagnose disease, assess the risk of disease progression, and guide treatment decisions across six major medical specialties where molecular diagnostics can significantly improve patient care and lower healthcare costs.  Myriad is focused on five strategic imperatives:  build upon a solid hereditary cancer foundation, growing new product volume, expanding reimbursement coverage for new products, increasing RNA kit revenue internationally and improving profitability with Elevate 2020.  For more information on how Myriad is making a difference, please visit the Company's website: www.myriad.com.

Myriad, the Myriad logo, BART, BRACAnalysis, Colaris, Colaris AP, myPath, myRisk, Myriad myRisk, myRisk Hereditary Cancer, myChoice, myPlan, BRACAnalysis CDx, Tumor BRACAnalysis CDx, myChoice HRD, EndoPredict, Vectra, GeneSight, riskScore, Prolaris, Foresight and Prequel are trademarks or registered trademarks of Myriad Genetics, Inc. or its wholly owned subsidiaries in the United States and foreign countries. MYGN-F, MYGN-G.

Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to data being presented for its genetic tests at the 2019 American Society of Clinical Oncology Annual Meeting being held May 31- June 4, 2019 in Chicago, Ill; and the Company's strategic directives under the caption "About Myriad Genetics."  These "forward-looking statements" are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by forward-looking statements.  These risks and uncertainties include, but are not limited to: the risk that sales and profit margins of our molecular diagnostic tests and pharmaceutical and clinical services may decline; risks related to our ability to transition from our existing product portfolio to our new tests, including unexpected costs and delays; risks related to decisions or changes in governmental or private insurers’ reimbursement levels for our tests or our ability to obtain reimbursement for our new tests at comparable levels to our existing tests; risks related to increased competition and the development of new competing tests and services; the risk that we may be unable to develop or achieve commercial success for additional molecular diagnostic tests and pharmaceutical and clinical services in a timely manner, or at all; the risk that we may not successfully develop new markets for our molecular diagnostic tests and pharmaceutical and clinical services, including our ability to successfully generate revenue outside the United States; the risk that licenses to the technology underlying our molecular diagnostic tests and pharmaceutical and clinical services and any future tests and services are terminated or cannot be maintained on satisfactory terms; risks related to delays or other problems with operating our laboratory testing facilities and our healthcare clinic; risks related to public concern over genetic testing in general or our tests in particular; risks related to regulatory requirements or enforcement in the United States and foreign countries and changes in the structure of the healthcare system or healthcare payment systems; risks related to our ability to obtain new corporate collaborations or licenses and acquire new technologies or businesses on satisfactory terms, if at all; risks related to our ability to successfully integrate and derive benefits from any technologies or businesses that we license or acquire; risks related to our projections about our business, results of operations and financial condition; risks related to the potential market opportunity for our products and services; the risk that we or our licensors may be unable to protect or that third parties will infringe the proprietary technologies underlying our tests; the risk of patent-infringement claims or challenges to the validity of our patents or other intellectual property; risks related to changes in intellectual property laws covering our molecular diagnostic tests and pharmaceutical and clinical services and patents or enforcement in the United States and foreign countries, such as the Supreme Court decision in the lawsuit brought against us by the Association for Molecular Pathology et al; risks of new, changing and competitive technologies and regulations in the United States and internationally; the risk that we may be unable to comply with financial operating covenants under our credit or lending agreements;  the risk that we will be unable to pay, when due, amounts due under our credit or lending agreements; and other factors discussed under the heading "Risk Factors" contained in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended June 30, 2018, which has been filed with the Securities and Exchange Commission, as well as any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10-Q or Current Reports on Form 8-K.  All information in this press release is as of the date of the release, and Myriad undertakes no duty to update this information unless required by law.

Media Contact:     Ron Rogers
(801) 584-3065
    Investor Contact:     Scott Gleason
(801) 584-1143

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