Myriad Genetics Adds Assurex Health, Grows in Neuroscience

Shutterstock photo Molecular diagnostics and personalized medicine major Myriad Genetics, Inc.MYGN recently closed the company’s earlier announced acquisition of Assurex Health, the Mason, Ohio-based personalized medicine company and a popular name in the field of genetic testing for psychotropic medicine selection. The takeover of Assurex Health (effective from Aug 31) is a major stepping stone by Myriad Genetics towards establishing itself as a prominent player in the field of neuroscience.Deal DetailsEarlier, Myriad Genetics declared that it has agreed to acquire this informatics-based precision medicine company for $225 million upfront payment with the potential for additional $185 million based on achieving certain performance-based milestones.A Strategic Fit?At present, with more than 76 million people suffering from mental disorders, we believe this acquisition is a perfect fit for Myriad Genetics to tap into…


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