Myriad Genetics, Inc. (MYGN)
The company now
Myriad Genetics agreed on 19 October 2026 to sell its prenatal health testing business to Laboratory Corporation of America for $210 million in cash, plus the value of the inventory at closing 4.
The companies expect the deal to close by early 2027, subject to regulatory clearance 3.
The sale follows a weak second quarter, when revenue of $190.7 million fell 11 percent from a year earlier 2.
The company said lower prenatal test volumes and weaker revenue per test led it to cut its 2026 guidance 2.
Management called the sale the direct outcome of a strategic review and said it would strengthen the balance sheet 3.
As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.
Newer filings are on file since this was written; an update is queued.