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Follow on Google News | SmallCapReview Initiates Coverage of Myriad Genetics (MYGN)SmallCapReview.com, A leading site for news and information on small caps, penny stocks and microcaps is adding Myriad Genetics (MYGN) to its list of stocks "On the Radar".
By: SmallCapReview MYGN Investor Highlights Earnings: Reported fiscal second-quarter earnings of $5.9 million and net income of 9 cents per share. Revenues - Total Revenues of $196.5 Million. Share Buyback - During the quarter, the Company repurchased approximately 600,000 shares, or $10 million, of common stock under its share repurchase program and ended the quarter with approximately $161 million remaining on its current share repurchase authorization. Product Development - GeneSight - Volume grew 61 percent year-over-year to approximately 57,000 tests performed in the fiscal second-quarter. Prolaris- Volume grew 33 percent year-over-year with approximately 4,700 tests ordered. EndoPredict- Insurance - Announced that multiple Blue Cross Blue Shield affiliate plans have issued positive coverage determinations. Innovation - Announced results of a large head-to-head study comparing the efficacy of six tests used to predict the recurrence of breast cancer. A key finding was that EndoPredict (EPclin), a second-generation test, was superior to Oncotype Dx (RS), a first-generation test, in predicting the long-term recurrence of breast cancer. To learn more about MYGN visit http://www.smallcapreview.com/ About SmallCapReview SmallCapReview.com has been a leading site for news on small-cap stocks since 1999. Features available at SmallCapReview.com include in-depth profiles of select Small-Cap/Penny Stocks as well as the most comprehensive and up to date news available on the small-cap market. No investor should assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. Nothing within our site should be construed as an offer or solicitation to buy or sell products or securities. The companies we profile may lack an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. SmallCapReview.com has not been compensated by any of the above mentioned companies. End
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