Myriad Genetics' survey reveals women feel conflicted about health screenings despite recognizing the importance of genetic testing.
Quiver AI Summary
Myriad Genetics, Inc. has released findings from its recent Cancer Risk Survey, revealing a significant contradiction in women's attitudes towards health screenings. Despite 80% expressing fear of screenings, largely due to concerns about potential results, 75% stated that they would find such tests reassuring if facing health issues. The survey indicated that while 37% of women believed genetic testing could aid in managing breast health, around 40% were unaware of its existence. Only 14% had ever undergone genetic testing, although more than a quarter of women in OB/GYN settings qualify for such tests. Experts are urging clearer communication regarding genetic testing's role in women's health to empower them in managing their cancer risks effectively.
Potential Positives
- Myriad Genetics provides significant insights into women's attitudes toward health screenings, highlighting a notable demand for awareness and education about genetic testing options.
- The findings emphasize a market opportunity for Myriad Genetics to expand its outreach and potentially increase utilization of its MyRisk® Hereditary Cancer Test with RiskScore®, as many women expressed interest in utilizing genetic testing for managing health risks.
- The press release underscores the importance of genetic testing in personalizing healthcare for women, aligning with broader trends in precision medicine and potentially supporting the company's growth in that sector.
Potential Negatives
- Approximately 40% of women surveyed were unaware that tools like genetic testing exist, indicating a significant lack of public awareness about the company's core services.
- Only 14% of respondents have ever undergone genetic testing, suggesting low utilization of the company's offerings despite potential benefits.
- The survey highlights a contradiction between women’s fears of screenings and their acknowledgment of their importance, which could imply challenges in effectively marketing and communicating the value of the company's tests.
FAQ
What were the main findings of Myriad Genetics' Cancer Risk Survey?
The survey revealed that 80% of women fear health screenings, yet 75% find genetic testing reassuring for health concerns.
How does genetic testing influence cancer risk management?
Genetic tests like MyRisk® can assess hereditary cancer risks, leading to tailored screening and preventative measures for women.
What percentage of women are unaware of genetic testing options?
Approximately 40% of women surveyed were unaware that genetic testing exists to assess their personal risk for breast cancer.
Why is family health history important for cancer risk?
Knowing family health history aids in calculating cancer risk and determining eligibility for hereditary cancer testing, crucial for early intervention.
Where can I learn more about understanding my cancer risk?
More information about assessing your risk for breast cancer can be found at GetMyRisk.com.
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 117 institutional investors add shares of $MYGN stock to their portfolio, and 122 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARTISAN PARTNERS LIMITED PARTNERSHIP removed 2,277,256 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $12,092,229
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$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 1 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
- B of A Securities issued a "Underperform" rating on 03/03/2025
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 7 analysts offer price targets for $MYGN in the last 6 months, with a median target of $8.0.
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
- Derik De Bruin from B of A Securities set a target price of $11.0 on 03/03/2025
Full Release
SALT LAKE CITY, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. , (NASDAQ: MYGN), a leader in molecular diagnostic testing and precision medicine, today released findings from its latest Cancer Risk Survey that uncover a striking contradiction in women's attitudes toward health screenings. While 80% of women report being afraid to get screened—primarily due to fear of the results—75% say they would actually find screenings like genetic testing reassuring if they were facing a potential health concern. The findings highlight a critical gap in awareness and perception around advanced screening tools that could empower women, particularly those at increased risk for hereditary cancers.
“Many women find health screenings—like mammograms, blood work, genetic testing—scary because they may be afraid of the unknown: ‘what if something’s wrong?’ On the other hand, they may intellectually understand that these screenings are important healthcare tools,” said Ifeyinwa Stitt, MD, OB/GYN and medical director, Caronette Fibroid & Pelvic Wellness Center Annapolis, MD. “My advice is to overcome the fear of the unknown—especially with genetic testing as this information could ultimately help us save their lives.”
The survey showed that more than one in three respondents (37%) think genetic testing can help manage breast health. Yet approximately 40% of women surveyed were unaware that tools like genetic testing exist to help determine their personal risk level for breast cancer. In fact, only 14% of respondents have ever undergone genetic testing, while more than one in four women in an OB/GYN setting meet criteria for hereditary cancer testing. 1
“Genetic tests—like the MyRisk ® Hereditary Cancer Test with RiskScore ® —can provide valuable information about a patient’s hereditary risk for certain cancers. This information opens the door for additional screenings like more frequent mammograms and/or MRIs,” said Dr. Stitt. “This survey demonstrates the need for more and clearer conversations about genetic testing and how it can be integrated into a woman’s overall health care plan.”
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1
Waldman, et al. 2024
The importance of family health history—and how it may help with screening
Along with additional screenings, knowing family cancer history is an important factor in calculating cancer risk. More than 50% of respondents say that it’s very important to know the health history of both of their parents, but only about 30% said they knew their parents' health history “very well.” About half of respondents (48%) said they would encourage their younger selves to talk more often with their parents about their health.
Familial factors important to understand include multiple cancers in the family, the age at which a family member was diagnosed and whether the cancer was rare, such as pancreatic or ovarian cancer. Knowing this information can indicate that a person may benefit from hereditary cancer testing.
By combining genetic insights, family history and other clinical factors, the MyRisk Hereditary Cancer Test with RiskScore calculates a woman’s five-year and lifetime risk of breast cancer. If a woman is found to be at high risk, she then has multiple options available to her, including a change in medical management, such as earlier or increased frequency of screenings. For more information about understanding your risk of breast cancer, visit GetMyRisk.com .
About the Cancer Risk Survey
The nationwide survey was conducted online by ACUPOLL Precision Research, Inc. between April 9–22, 2025. The responding samples were comprised of:
- n=1,002 English-language proficient non-institutionalized US adult females who were recruited to represent the general US population sampled from an existing national general population research panel
- n=404 Adult females who met hereditary cancer risk testing criteria were also recruited so as to better understand attitudes and perceptions of this audience sampled from the same national general population research panel
The Margin of Error is +/- 3.1% for the Total Base Sample and +/- 4.9% for Adult Women at High-Risk for Hereditary Cancer at the 95% confidence level.
ACUPOLL has more than 30 years’ experience conducting statistically valid research through careful recruiting and the utilization of numerous quality control measures.
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 statements regarding the potential for genetic testing to provide valuable information about a patient’s hereditary risk for certain cancers, which may lead to additional screenings and ultimately help physicians save lives. 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.
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