Myriad Genetics Expands Board of Directors with New Member and Announces Upcoming Retirement of Walter (Wally) Gilbert, Ph.D.

Daniel M. Skovronsky, M.D., Ph.D. Elected to Myriad’s Board of Directors. Walter (Wally)
Gilbert, Ph.D., announces upcoming retirement from the Board of Directors

SALT LAKE CITY, July 22, 2020 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. (NASDAQ: MYGN, “Myriad” or the “Company”), a global leader in molecular diagnostics and precision medicine, today announced the election of Daniel M. Skovronsky, M.D., Ph.D., age 47, to its Board of Directors, effective immediately, expanding the Board to ten members.  Additionally, Dr. Skovronsky was appointed to the Research and Product Innovation Committee of Myriad’s Board.

Dr. Skovronsky serves as Chief Science Officer and President of Lilly Research Laboratories at Eli Lilly and Company.  He previously served as the Founder and Chief Executive Officer of Avid Radiopharmaceuticals, Inc. which used non-invasive imaging to detect the early changes in the brain related to Alzheimer’s disease.  Dr. Skovronsky received his M.D., Ph.D. from University of Pennsylvania where he also completed sub-specialty training in neuropathology.

“We are honored to welcome Dr. Skovronsky to the Myriad Board,” said Louise Phanstiel, Chair of the Board of Myriad. “Dan brings a wealth of experience and expertise in research and development in multiple areas related to our diagnostic product development, including oncology, neuroscience, and anti-inflammatory diseases.  He will be instrumental in providing product development strategic insights in executing our global strategy for molecular diagnostics and precision medicine.”

The Company also announced today that Director, Vice Chair of the Board, Walter (Wally) Gilbert, Ph.D., will retire from the board at the Company’s Annual Meeting of Stockholders in December 2020.  Dr. Gilbert, co-founder of Myriad, has been on the board since March 1992. Dr. Gilbert received a Nobel Prize in Chemistry in 1980 for his development of a rapid DNA sequencing technology.  “I am proud that Myriad has grown to realize its founders’ dream of using tests based on genetic information to identify a patient’s predisposition to disease,” said Dr. Gilbert. “Myriad is dedicated to providing critical, life-changing information to people to help define their individual medical needs. I have enjoyed helping the company grow over the years. I am confident that Myriad’s important work for patients will continue.”