Genetics | Myriad Genetics (MYGN) Wins Foundational Patent for MRD Assay – March 27, 2024

Genetics | Myriad Genetics (MYGN) Wins Foundational Patent for MRD Assay – March 27, 2024

Myriad Genetics, Inc (MY G.N (Free Report) lately introduced the issuance of a patent by america Patent and Trademark Workplace, demonstrating its potential to carry to market a tumor-aware, high-definition, molecular residual illness (MRD) assay. will strengthen US Patent 11,932,910, entitled Combinatorial DNA Screening, covers the corporate’s authentic and proprietary methodology for cell-free DNA preparation.

The newest developments showcase a few of Myriad Genetics’ new proprietary know-how that might strengthen its place as a healthcare drugs chief – each by way of its precision MRD providing and potential licensing alternatives within the MRD house.

Detailed information

Myriad Genetics’ patented methodology describes a key side of tumor-aware MRD assays that detect circulating tumor DNA (ctDNA) by sequencing. Particularly, it’s associated to the way through which the pattern is sufficiently enriched with ctDNA to detect it, if current, with excessive sensitivity and specificity. The corporate filed a patent in 2016 on the event of MRD, envisioning the potential function of tumor-derived cell-free DNA within the increasing area of most cancers diagnostics.

The precision MRD assay leverages MYGN’s present know-how, laboratory techniques and processes, infrastructure and mental property and builds on its FDA-approved MyChoice companion diagnostic and FirstGene platforms. Based on an organization consultant, their distinctive capabilities allow them to profitably commercialize Value MRD, advancing oncology look after sufferers within the rising MRD market.

Advances in precision MRD testing

The corporate has made vital progress in growing its precision MRD assay. The take a look at is at the moment being put in in a state-of-the-art laboratory facility in Salt Lake Metropolis, the place it’s going to quickly bear additional validation to allow its use in quite a lot of functions, together with biopharma research and interventional potential trials. .

Moreover, Myriad Genetics introduced a number of vital analysis collaborations, together with a retrospective examine of MRD efficacy in metastatic breast most cancers with researchers at Memorial Sloan Kettering and metastatic renal cell carcinoma with clinicians on the College of Texas Most cancers Middle. A retrospective evaluation of the efficacy of MRD in . The corporate plans to current preliminary outcomes from earlier MRD research at upcoming conferences and expects full outcomes from renal research later this yr.

MYGN is on monitor to course of samples for biopharma companions by the fourth quarter of 2024 and submit them to MolDX (Molecular Diagnostic Providers Program) by the top of the yr, which identifies and establishes protection and reimbursement for molecular diagnostic exams. was designed to Business launch is focused for the second half of 2025. The strategy described within the granted patent is prime to the precise MRD take a look at, which has been refined through the years for the reason that preliminary submitting.

Exact MRD is offered to be used in collaborative analysis research between myriad and educational or pharmaceutical investigators. The corporate plans to exactly monitor ctDNA ranges all through a most cancers affected person’s scientific care, starting instantly after prognosis and persevering with by way of survivorship monitoring. MYGN acknowledges a big alternative to mix Exact MRD with the MyRisk hereditary most cancers take a look at and the lately acquired Exact Tumor and upcoming Exact Liquid exams to offer an easy-to-use take a look at for oncologists to advance affected person care. Provide a complete set of scientific resolution assist instruments.

Business prospects

Based on a analysis report, the worldwide MRD testing market was valued at $1.89 billion in 2022 and is predicted to witness a CAGR of 11.5% by 2030.

Notable developments

Final month, Myriad Genetics introduced a analysis collaboration with the Nationwide Most cancers Middle Hospital East in Japan to review the diagnostic and prognostic worth of MRD testing. The SCRUM-MONSTAR-SCREEN-3 examine will use Exact MRD to watch ctDNA over time in sufferers recognized with a big selection of stable tumors and hematological cancers. The objective of this examine is to generate high-quality, potential scientific proof displaying that MRD testing will be broadly utilized to sufferers with completely different most cancers varieties and illness severity or staging.

Value efficiency

Over the previous six months, shares of MYGN have gained 27.9%, in comparison with the trade’s 1.8% acquire.

Zacks Rank and Key Picks

Myriad Genetics at the moment carries a Zacks Rank #3 (Maintain).

There are some better-rated shares within the broader medical house. Cardinal Well being (CAH free report), Striker (SYK free report) and Davita (give Free report). Whereas Cardinal Well being and Stryker every carry a Zacks Rank #2 (Purchase), DeVita at the moment sports activities a Zacks Rank #1 (Sturdy Purchase). You may see Here is the complete checklist of at this time’s Zacks #1 Rank shares..

Cardinal Well being’s inventory is up 54% up to now yr. Earnings estimates for Cardinal Well being have elevated over the previous 30 days from $7.28 to $7.29 in FY2024 and from $8.02 to $8.04 in FY2025.

CAH’s earnings have overwhelmed estimates in every of the previous 4 quarters, with a mean shock of 15.6%. Within the final reported quarter, it posted an earnings shock of 16.67%.

Stryker’s 2024 earnings per share estimate has been maintained at $11.86 over the previous 30 days. The corporate’s shares have moved up 26.3 % over the previous yr, in contrast with the trade’s 5.2 % acquire.

SYK’s earnings beat estimates in every of the final 4 quarters, with a mean shock of 5.09%. Within the final reported quarter, it delivered a mean earnings shock of 5.81%.

DaVita’s 2024 earnings per share estimates have elevated from $8.97 to $9.23 over the previous 30 days. The corporate’s shares have risen 74.8 % up to now yr, in comparison with the trade’s 22.3 % acquire.

DVA’s earnings beat estimates in every of the previous 4 quarters, with a mean shock of 35.57%. Within the final reported quarter, it delivered a mean earnings shock of twenty-two.22%.

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