Myriad's high-quality genetic tests support a narrow moat and expanding reimbursement.
Narrow-moat Myriad Genetics reported a solid fiscal third quarter, with revenue from new products GeneSight (up 27%), Vectra DA (up 34%), and Prolaris (up 91%) beginning to offset the pricing weakness in hereditary cancer testing. Management raised guidance for the year and gave promising indications of increased reimbursement for new products. Quarterly revenue was down 170 basis points to $194 million, driven by a 12% decline in hereditary cancer testing revenue, despite volume growth exceedin...Myriad Genetics is a precision medicine company acting as a trusted advisor to transform patient lives through molecular diagnostics. The company's molecular diagnostic tests include: myRisk? Hereditary Cancer for assessing the risks for hereditary cancers; BRACAnalysis? for assessing the risk of developing breast and ovarian cancer; riskScore? that improves the company's myRisk Hereditary Cancer test; GeneSight? to support psychotropic drug selection for depressed patients; Vectra?DA for assessing the disease activity of rheumatoid arthritis; and Prolaris? for assessing the aggressiveness of prostate cancer. The company also provides pharmaceutical and clinical services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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