Medtech Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Healthy quarter boosts Myriad Genetics shares

This article was originally published in Clinica

Executive Summary

Shares in Myriad Genetics climbed 19% on the Nasdaq after the company posted healthy fourth quarter results. Myriad’s shares closed at $30.89 on August 26 – the day after the results were announced – on the back of a 33% growth in Q4 revenues, which were $86.1m. The Salt Lake City, Utah-based company said this growth was due to increased sales and marketing efforts of its molecular diagnostics products. The firm’s bottom line fell from $65.5m in Q4 2008 to $23.6m due to a $13.1m loss from discontinued operations. Early this year, Myriad decided to spin-off its research and drug development business in to two independent companies (see Clinica No 1326, p 20). Myriad also experienced a strong full year, with revenues up 47% to $326.5m and net income reaching $84.6m, up from $47.8m in 2008.

Advertisement

Topics

Advertisement
UsernamePublicRestriction

Register

MT044146

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel