This article, originally published May 9, has been updated with additional information from Myriad's analyst and investor day.

Myriad Genetics plans to launch a 25-gene hereditary cancer panel by the end of this year, which will replace its existing hereditary cancer tests by the summer of 2015, the company said during its analyst and investor day last week.

The test, called myRisk Hereditary Cancer, is the company's first to use a next-generation sequencing platform, primarily Illumina's HiSeq 2500.

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