Myriad Genetics Offloads Struggling Prenatal Unit for $210 Million to Labcorp
Labcorp will purchase Myriad Genetics' prenatal testing business for $210 million in cash, projecting $160 million in year-one revenue.
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Why It Matters
Myriad sold a part of its business that was not making enough money. This sale gives Myriad cash now, so watch if they use it wisely.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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