Myriad Genetics adds F8 and FXN genes to its Foresight Carrier Screen, enhancing genetic testing for hemophilia A and Friedreich’s ataxia.
Quiver AI Summary
Myriad Genetics, Inc. has expanded its Foresight® Carrier Screen Universal Plus Panel by adding two genes, F8 and FXN, enhancing its offerings in molecular diagnostic testing and precision medicine. The F8 gene is linked to hemophilia A, a hereditary bleeding disorder, while the FXN gene is associated with Friedreich's ataxia, a rare neurodegenerative disease. Both conditions can significantly impact patients' health, and while there are treatment options available for each, there is currently no cure for Friedreich's ataxia. The updates ensure compliance with the American College of Medical Genetics and Genomics recommendations and support informed family planning decisions through comprehensive genetic testing. The Foresight Carrier Screen has a high detection rate for serious inherited conditions and has screened over two million patients, solidifying its status as a leader in the field.
Potential Positives
- Myriad Genetics has enhanced its Foresight® Carrier Screen by adding two significant genes, F8 and FXN, which are linked to serious hereditary conditions, thereby expanding its diagnostic capabilities.
- The addition of these genes ensures compliance with American College of Medical Genetics and Genomics (ACMG) standards, reinforcing the credibility and reliability of the Foresight Carrier Screen.
- Myriad Genetics’ Universal Plus Panel, which now includes a total of 272 genes, demonstrates the company's ongoing commitment to advancing tools for family planning and genetic health.
- The Foresight Carrier Screen boasts the highest published detection rate for serious inherited conditions, which may enhance patient trust and encourage more screenings among at-risk couples.
Potential Negatives
- The addition of two new genes to the Foresight Carrier Screen may highlight potential limitations in the existing offerings of the company's genetic testing services prior to this update.
- The press release emphasizes "forward-looking statements," which suggests uncertainty about future performance and indicates that results may not meet stakeholder expectations.
- The emphasis on compliance with ACMG recommendations may imply that competitors are also compliant, reducing the unique selling proposition of Myriad Genetics' offerings.
FAQ
What are the newly added genes to the Foresight® Carrier Screen?
The newly added genes are F8 and FXN, enhancing the Universal Plus Panel.
What conditions are associated with the F8 gene?
The F8 gene is linked to hemophilia A, a hereditary bleeding disorder.
What is Friedreich's ataxia and which gene is involved?
Friedreich's ataxia is a neurodegenerative disease caused by mutations in the FXN gene.
How does carrier screening benefit family planning?
Carrier screening provides genetic insights, helping individuals make informed family planning decisions.
What makes the Foresight Carrier Screen unique?
It is the only expanded carrier screening test with published analytical validation in a peer-reviewed journal in the US.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MYGN Hedge Fund Activity
We have seen 129 institutional investors add shares of $MYGN stock to their portfolio, and 103 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 4,592,264 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $24,384,921
- DISCIPLINED GROWTH INVESTORS INC /MN removed 3,979,736 shares (-84.1%) from their portfolio in Q2 2025, for an estimated $21,132,398
- EARNEST PARTNERS LLC removed 3,977,292 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $21,119,420
- MORGAN STANLEY added 2,939,498 shares (+182.1%) to their portfolio in Q2 2025, for an estimated $15,608,734
- SEI INVESTMENTS CO removed 2,526,761 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $13,417,100
- ARTISAN PARTNERS LIMITED PARTNERSHIP removed 2,277,256 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $12,092,229
- BANK OF AMERICA CORP /DE/ removed 2,214,609 shares (-84.2%) from their portfolio in Q2 2025, for an estimated $11,759,573
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MYGN Analyst Ratings
Wall Street analysts have issued reports on $MYGN in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 05/15/2025
- Goldman Sachs issued a "Buy" rating on 05/07/2025
- Raymond James issued a "Outperform" rating on 05/07/2025
To track analyst ratings and price targets for $MYGN, check out Quiver Quantitative's $MYGN forecast page.
$MYGN Price Targets
Multiple analysts have issued price targets for $MYGN recently. We have seen 6 analysts offer price targets for $MYGN in the last 6 months, with a median target of $7.5.
Here are some recent targets:
- Sung Ji Nam from Scotiabank set a target price of $6.0 on 05/21/2025
- Dave Weiner from Piper Sandler set a target price of $9.0 on 05/15/2025
- Brandon Couillard from Wells Fargo set a target price of $6.0 on 05/08/2025
- Matthew Sykes from Goldman Sachs set a target price of $8.0 on 05/07/2025
- Lu Li from UBS set a target price of $7.0 on 05/07/2025
- Andrew Cooper from Raymond James set a target price of $10.0 on 05/07/2025
Full Release
SALT LAKE CITY, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. , (NASDAQ: MYGN), a leader in molecular diagnostic testing and precision medicine, today announced it has added two genes, F8 and FXN , to the Foresight ® Carrier Screen Universal Plus Panel .
“At Myriad Genetics, we carefully design the Foresight panel to prioritize clinical significance, selecting genes based on condition severity, prevalence, actionability, and guidelines,” said Melissa Gonzales, President of Women’s Health, Myriad Genetics. “With F8 and FXN now meeting our rigorous standards, we’re proud to add them to our Universal Plus Panel—processed entirely in our own state-of-the-art facility.”
Variants in the F8 gene have been linked to hemophilia A (also known as factor VIII deficiency). 1 Hemophilia A is a hereditary bleeding disorder, which results in the blood not clotting properly. As a result, patients may experience prolonged bleeding, both internally and externally, after injuries or even spontaneously. Treatments could include gene therapy, which would deliver a working copy of the faulty gene into the liver cells with instructions to produce the missing clotting factor, according to the American Society of Gene & Cell Therapy .
Friedreich's ataxia (FA) is a rare, inherited neurodegenerative disease caused by mutations in the FXN gene, which leads to a deficiency in the protein frataxin. Patients with FA can develop motor weakness and sensory loss, leading to difficulty in walking, heart disease, loss of sensation in the arms and legs, and other symptoms. 2 According to the National Institute of Neurological Disorders and Stroke , there is no cure, but in 2023, the US Food and Drug Administration approved the first medication, called omaveloxolone, to treat FA in individuals 16 years of age or older.
With the addition of the two genes, the Foresight Carrier Screen is fully compliant with the American College of Medical Genetics and Genomics (ACMG) recommendations . Carrier screening is an important component in starting or growing a family. Carrier screening empowers individuals with vital genetic insights enabling informed family planning decisions to reduce the risk of passing on heritable conditions.
About the Foresight Carrier Screen
Myriad Genetics pioneered the first expanded carrier screening to maximize detection of at-risk couples. Through proven, high-quality technology, the Foresight Carrier Screen is the only expanded carrier screening test with published analytical validation in a peer-reviewed journal in the US and has been backed by more than 20 peer-reviewed publications
3
. The addition of these two genes is the latest in a series of upgrades to the assay; in June 2024, Myriad announced the introduction of its Universal Plus Panel, which added 39 new conditions and screens up to 272 genes associated with inherited conditions.
With more than two million patients screened, the Foresight Carrier Screen offers the highest published at-risk couple detection rate for serious
,
inherited conditions (one in 22 couples)
3
on its Universal panel. The detection rate for the vast majority of genes on the Foresight screen is more than 99% across ethnicities.
4
About Myriad Genetics
Myriad Genetics is a leading molecular diagnostic testing and precision medicine company dedicated to advancing health and well-being for all. Myriad Genetics develops and offers molecular tests that help assess the risk of developing disease or disease progression and guide treatment decisions across medical specialties where molecular 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 Foresight Carrier Screen empowers individuals with vital genetic insights enabling informed family planning decisions to reduce the risk of passing on heritable conditions. 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, 2025, 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.
References
- https://rarediseases.org/rare-diseases/hemophilia-a/
- https://www.ninds.nih.gov/health-information/disorders/friedreich-ataxia
- Hogan et al. Validation of an Expanded Carrier Screen that Optimizes Sensitivity via Full-Exon Sequencing and Panel-wide Copy Number Variant Identification. Clinical Chemistry 2018;doi:10.1373/clinchem.2018.286823
- Foresight Residual Risk Table. https://myriad-library.s3.amazonaws.com/mwh/disease-detection-fact-sheet.pdf
Investor Contact
Matt Scalo
(801) 584-3532
[email protected]
Media Contact
Kate Schraml
(224) 875-4493
[email protected]