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The company presented new data on the PGx test this week and expressed confidence that they can secure broader payor coverage for it.
Genetic tests may help psychiatrists choose which drugs to start their patients on, the Wall Street Journal reports.
Assurex Health will use the MassArray system with its GeneSight Psychotropic pharmacogenetic test.
The deal, which included $225 million in upfront payments and up to $185 million in milestones, gives Myriad entry into the neuroscience space.
Despite the historical adoption and reimbursement challenges for PGx testing firms, Myriad said it would try to achieve value-based pricing for Assurex's GeneSight test.
The deal will grant Myriad entry into the neuroscience space, and will allow it to use Assurex's existing sales force to market its own mental health tests.
Investors included existing shareholders Sequoia Capital, Claremont Creek Ventures, Cincinnati Children’s Hospital Medical Center, and Mayo Clinic.
Luminex said its technology will enhance the processing speed and capacity of Assurex's tests.
The funds will go toward efforts to drive clinical adoption and further develop Assurex's GeneSight products.
AdvaMedDx, a division of the Advanced Medical Technology Association, announced the election of several new members to its board of directors.
Novavax has begun a phase III trial of its SARS-CoV-2 vaccine, according to the New York Times.
Vox reports that the Trump Administration may limit student visas for individuals from some countries to two years.
The governor of New York says the state will conduct its own review of any SARS-CoV-2 vaccine, NPR reports.
This week in Science: Neanderthal Y chromosomes replaced by Homo sapiens Y chromosomes, and more.