Myriad Reports 20 Percent Q1 Revenue Growth, Rising Demand for Colorectal Cancer Test | GenomeWeb

By Turna Ray

Myriad Genetics' recent investments to bolster the visibility of its molecular diagnostics products beyond its flagship BRACAnalysis test appear to be paying off.

For the three months ended Sept. 30, the first quarter of the company's 2012 fiscal year, revenues for Myriad's Colaris and Colaris AP tests for gauging the risk of hereditary colorectal cancer increased 35 percent to $9.6 million, outpacing the company's overall revenue growth of 20 percent to $111 million.

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Harold Varmus, a former NIH director, says that proposed reductions to the agency's budget are worrisome.

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