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Biotech / Medical : Myriad Genetics, Inc. (MYGN)
MYGN 6.565-3.2%Dec 23 3:59 PM EST

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To: sim1 who wrote (2331)1/30/2011 10:40:56 AM
From: Doctor Zeus   of 2355
 
Not necessarily a negative for MYGN

'Sanofi’s results and AstraZeneca’s trial halt in breast cancer are a “negative signal” for this family of drugs having a broad application in oncology, said Navid Malik'

The key word is 'broad'. Sanofi went for a broader indication, whilst MYGN focus is only on the BRCA mutations.

I believe the Abbott test will only focus on BRCA mutants. Moreover, the Sanofi trial is yet to be analysed to see if the BRCA mutants responded or not.

If they did respond, it could turn out to be a net positive for MYGN!
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