Myriad sells prenatal testing business to Labcorp for $210 million
The cash transaction includes inventory value and is expected to close by early 2027, subject to regulatory clearance and customary closing conditions.
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Genetic testing and genomic profiling company
myriad.comLast updated
In short: Myriad Genetics sold its prenatal unit to Labcorp for $210 million and cut 2026 revenue guidance.
The cash transaction includes inventory value and is expected to close by early 2027, subject to regulatory clearance and customary closing conditions.
Sikri succeeds departing Brian Donnelly. Myriad also reaffirms its full-year 2026 financial guidance during this announcement.
Revenue fell 11% year-over-year to $190.7 million, with initiatives to improve efficiency and scalability.
Revenue grew 2% to $200.4 million, net loss was $34.1 million, and full-year guidance was reiterated.
Detailed price information for Myriad Genetics Inc (MYGN-Q) from The Globe and Mail including charting and trades.
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