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News Breaks
March 11, 2014
10:15 EDTMYGNMyriad says trial date not scheduled after injunctive relief denied
Myriad Genetics confirmed earlier today that the U.S. District Court for the District of Utah denied its motion for preliminary injunctive relief. Myriad alleges that Ambry Genetics' testing services infringe various patent claims owned by the BRCA patent owners which relate to the BRCA1 and BRCA2 genes, and were seeking a preliminary injunction to prevent Ambry from selling the testing services. The company said, "We believe the BRCA patents at issue in this case are valid, enforceable and infringed, and are confident we will prevail based on the full evidence. A trial date has not been scheduled." Shares of Myriad are down 9%, or $3.58, to $34.17 in early trading.
News For MYGN From The Last 14 Days
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May 5, 2015
16:22 EDTMYGNMyriad Genetics sees FY15 adjusted EPS $1.44-$1.46, consensus $1.52
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16:22 EDTMYGNMyriad Genetics sees Q4 adjusted EPS 40c-42c, consensus 49c
Sees Q4 revenue $187M-$189M, consensus $197.97M. The company said, "The primary reasons for this guidance revision are related to the impact of severe weather on our fiscal third-quarter revenue, a delay in Medicare reimbursement for Prolaris until the first quarter of fiscal year 2016, and a delay in international reimbursement."
16:21 EDTMYGNMyriad Genetics reports Q3 adjusted EPS 40c, consensus 39c
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15:02 EDTMYGNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Mylan (MYL), consensus 69c... Devon Energy (DVN), consensus 26c... Pioneer Natural Resources (PXD), consensus 8c... CenturyLink (CTL), consensus 59c... Plains All American Pipeline (PAA), consensus 54c... Fiserv (FISV), consensus 86c... Electronic Arts (EA), consensus 25c... Plains GP Holdings (PAGP), consensus 14c... Agrium (AGU), consensus 34c... ONEOK (OKE), consensus 36c... Western Gas Partners (WES), consensus 44c... Digital Realty Trust (DLR), consensus $1.23... Newfield Exploration (NFX), consensus 8c... Community Health Systems (CYH), consensus 66c... SolarCity (SCTY), consensus (1.58)... Qiagen (QGEN), consensus 22c... Zillow (Z), consensus (11c)... Groupon (GRPN), consensus 1c... RenaissanceRe Holdings (RNR), consensus $2.43... Gulfport Energy (GPOR), consensus (9c)... SM Energy (SM), consensus 31c... Herbalife (HLF), consensus $1.01... Kinross Gold (KGC), consensus 0c... Myriad Genetics (MYGN), consensus 39c... Delek US (DK), consensus 10c... IAMGOLD (IAG), consensus (4c)... Halcón Resources (HK), consensus (2c).
06:15 EDTMYGNMyriad Genetics fights to sustain business model, WSJ reports
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May 4, 2015
09:50 EDTMYGNLeerink to hold next-generation sequencing meeting
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07:12 EDTMYGNAmerican Congress of Obstetrics and Gynecology
2015 ACOG Annual Clinical & Scientific Meeting is being held in San Francisco on May 2-6.
May 3, 2015
17:19 EDTMYGNMyriad Genetics CEO 'actively' searching for acquisitions, WSJ says
In a Wall Street Journal interview, Myriad (MYGN) CEO Mark Capone said the company is currently developing tests for diabetes, autoimmune disorders, and neuropsychiatric conditions, while also "actively looking" for acquisitions. In a separate interview, Robert McDonough, head of Aetna's (AET) clinical policy research, remarked that Myriad should "eventually" be able to have its Vectra DA rheumatoid arthritis test covered by insurance. Reference Link

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