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Myriad Genetics, Inc.

Company NameMyriad Genetics, Inc.
Stock SymbolMYGN

On May 6, 2025, Myriad released its first quarter 2025 financial results, revealing “revenue of $196 million declined by 3% year-over-year” and “pharmacogenomics revenue declined by 20% year-over-year due to UnitedHealthcare (UNH) reducing coverage of GeneSight®.” Additionally, the Company announced reduced finanical guidance for 2025 “reflecting first quarter 2025 results and the current business outlook.”

On this news, Myriad’s stock price fell $3.00, or 41.3%, to close at $4.27 per share on May 7, 2025, thereby injuring investors.

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