Myriad Genetics Announces Foundational Patent Granted for Molecular Residual Disease (MRD) with Early Priority Date - Seite 2

“We will be presenting initial learnings from our retrospective MRD studies in conferences this spring and summer, and we expect to have full results from the renal study later this year,” said Dale Muzzey, PhD, Chief Scientific Officer, Myriad Genetics. “We are on track to process samples for biopharma partners by Q4’24 and to submit to MolDx by year end, with commercial launch targeted for the second half of 2025. The approach described in the granted patent is core to our Precise MRD test, though in the years since that initial filing we have continued to refine the test, incorporating and protecting these innovations along the way.”

Precise MRD is available for use in research studies pursued jointly by Myriad and academic or pharmaceutical investigators. “The sensitivity and detection limit achieved with Precise MRD allows it to perform across a wide range of indications, including those with scarce ctDNA that were not well suited to first-generation tests,” said Muzzey. “We intend for it to monitor ctDNA levels throughout a cancer patient’s clinical care, starting immediately after diagnosis and continuing through survivorship monitoring. We see significant opportunity to pair Precise MRD with MyRisk, our market-leading hereditary cancer test, and our recently acquired Precise Tumor and soon to launch Precise Liquid tests, to offer a comprehensive set of easy to use clinical decision support tools for oncologists to advance the care of patients.”

About Myriad Genetics 
Myriad Genetics is a leading genetic testing and precision medicine company dedicated to advancing health and well-being for all. Myriad develops and offers genetic tests that help assess the risk of developing disease or disease progression and guide treatment decisions across medical specialties where genetic insights can significantly improve patient care and lower healthcare costs. For more information, visit www.myriad.com.   

Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including that the granted patent will strengthen the company’s ability to deliver a tumor-informed, high-definition, MRD assay to market, the company believes the issued patent will help advance the company’s position as a precision medicine leader—both via its own Precise MRD offering and via potential licensing opportunities—in the MRD space, the company believes that its unique set of capabilities will enable it to profitably commercialize a MRD offering, advancing oncology care for patients in this emerging under-penetrated market, the company expects to have results from its renal MRD study later this year, the company is on track to process samples for biopharma partners by Q4’24 and to submit to MolDx by year end, with a commercial launch targeted for the second half of 2025, and the company expects to soon launch its Precise Liquid test. These “forward-looking statements” are management’s expectations of future events as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated. Such factors include those risks described in the company’s filings with the U.S. Securities and Exchange Commission, including the company’s Annual Report on Form 10-K filed on February 28, 2024, as well as any updates to those risk factors filed from time to time in the company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Myriad is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.