Levi & Korsinsky notifies investors that it has commenced an investigation into Myriad Genetics, Inc. (NASDAQ: MYGN) concerning potential violations of the federal securities laws.
Myriad released its first quarter 2025 financial results on May 6, 2025, revealing "revenue of $196 million declined by 3% year-over-year" and "pharmacogenomics revenue declined by 20% year-over-year due to UnitedHealthcare (UNH) reducing coverage of GeneSight®." Additionally, the Company announced reduced financial guidance for 2025 "reflecting first quarter 2025 results and the current business outlook." Following this news, Myriad stock dropped on heavy trading volume on that day.
If you suffered a loss on your Myriad Genetics, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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