Myriad Genetics, Inc. (NASDAQ:MYGN)
Myriad Genetics is focused on developing and marketing novel molecular diagnostic products.
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Costly building expansion coupled with the negative earnings burning the cash pile away leads me to believe the price is mostly hype, unless you think all the drug canidates will be approved.
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Although the pipeline of drug targets and ever increasing acceptance and utilization of their predictive genetic testing products continues to keep this stock in a steady position with modest yet consistent growth I feel certain that this stock will experience a substantial upswing as soon as the Phase III trials end and FDA approval comes in for the Alzheimers drug Flurbiprofen.
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Look to their alzheimers drug
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They are the only provider of gentic testing for breast cancer and breast cancer is epidemic.
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Myriad has made some great progress with a number of drugs. Their Alzheimer medication has the potential to revolutionize how we treat this disease that affects millions.
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Not focusing on Flurixan. Better candidate is Azixa for brain cancer.
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Picked by rkishore
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