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MYGN — Myriad Genetics News Story

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Brief: Myriad Genetics To Sell Prenatal Health Testing Business To Labcorp

BRIEF-Myriad Genetics To Sell Prenatal Health Testing Business To Labcorp

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  • MYRIAD GENETICS AND LABCORP ANNOUNCE DEFINITIVE AGREEMENT FOR MYRIAD TO SELL PRENATAL HEALTH TESTING BUSINESS TO LABCORP

  • TO SELL PRENATAL HEALTH TESTING BUSINESS TO LABCORP FOR $210 MILLION CASH PLUS INVENTORY

  • LABCORP EXPECTS $160 MILLION REVENUE ADDITION AND SLIGHTLY ACCRETIVE TO ADJUSTED EARNINGS IN YEAR ONE FROM DEAL

  • DEAL EXPECTED TO CLOSE BY EARLY 2027 PENDING REGULATORY CLEARANCE

Source text: ID:nGNX2hbdCf

Further company coverage: LH.N


((Reutersbriefs@thomsonreuters.com;))

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