Myriad: Trying To Find Its Footing In An Evolving Industry

Bashar Issa profile picture
Bashar Issa
3.47K Followers

Summary

  • As the era of free money comes to an end, the gene testing industry is faced with the challenge of transforming itself into a commercially viable sector.
  • Though it is still early days for the industry, major players have embarked on restructuring efforts to transform themselves into sustainable businesses.
  • Still, prudent investors might want to pass on this opportunity until we see how MYGN will perform and whether it is able to sustain profitability over time.

BRCA1 and BRCA2 are two genes that are important to fighting cancer called tumor suppressor genes

Md Saiful Islam Khan/iStock via Getty Images

Investment Thesis

Given the present macroeconomic disturbances, one would be inclined to seek safety in defensive healthcare companies, but I don't think Myriad Genetics, Inc. (NASDAQ:MYGN) is an ideal choice. Indeed, there are

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Data by YCharts

This article was written by

Bashar Issa profile picture
3.47K Followers
Bashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from the Queen Mary University of London and a Bachelor's degree in Economics from Middlesex University.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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