SALT LAKE CITY, Oct. 30, 2017 (GLOBE NEWSWIRE) — Crescendo Bioscience, a wholly-owned subsidiary of Myriad Genetics, Inc. (NASDAQ:MYGN), today announced that six studies on Vectra® DA will be featured at the American College of Rheumatology (ACR) meeting being held Nov. 3-8, 2017 in San Diego, Calif. Vectra DA has been shown to be the best predictor of the risk of radiographic progression, and the data from six studies had demonstrated that a high Vectra DA score was associated with a high risk of radiographic progression.
“Our presentations at this year’s ACR reinforce our commitment to improving care for people living with rheumatoid arthritis,” said Elena Hitraya, M.D., Ph.D., chief medical officer, Crescendo Bioscience. “The new data add to a robust body of scientific knowledge supporting Vectra DA, which has been shown in multiple studies to be the best predictor of the risk of joint damage in patients with RA.”
Please visit Crescendo Biosciences at Booth #712 for information about Vectra DA. Abstracts are available online at: https://www.rheumatology.org/Annual-Meeting/Abstracts. Below is a list of the highlighted Crescendo Bioscience presentations at ACR (#ACR17):
Podium Presentations
- Title: Effect of age and body mass index (BMI) on multi-biomarker disease activity (MBDA) score in patients with rheumatoid arthritis.
Presenter: Kerri Ford.
Date: Monday, Nov. 6, 2017: 4:30-6:00 p.m. PT.
Abstract: 1900.
- Title: Validation of biomarkers to predict flare in polyarticular JIA upon stopping anti-TNF therapy.
Presenter: Daniel Lovell.
Date: Tuesday, Nov. 7, 2017: 4:30-6:00 p.m. PT.
Abstract: 2858.
Poster Presentations
- Title: Impact of the multi-biomarker disease activity score results on whether rheumatologists changed biologic therapy for RA patients.
Presenter: Jeffrey Curtis.
Date: Sunday, Nov. 5, 2017: 9:00-11:00 a.m. PT.
Abstract: 129.
- Title: High multi-biomarker disease activity score is associated with high risk of radiographic progression in six studies.
Presenter: Jeffrey Curtis.
Date: Sunday, Nov. 5, 2017: 9:00-11:00 a.m. PT.
Abstract: 438.
- Title: Prediction of cardiovascular events in rheumatoid arthritis patients using a multi-biomarker of disease activity.
Presenter: Fenglong Xie.
Date: Sunday, Nov. 5, 2017: 9:00-11:00 a.m. PT.
Abstract: 138.
- Title: Development of an adjusted multi-biomarker disease activity score for rheumatoid arthritis that accounts for age, sex, and adiposity, with evaluation of ability to predict risk for radiographic damage.
Presenter: Jeffrey Curtis.
Date: Monday, Nov. 6, 2017: 9:00-11:00 a.m. PT.
Abstract: 1371.
About Rheumatoid Arthritis
Rheumatoid arthritis is a chronic, systemic inflammatory condition that is often characterized by symptoms that include pain, stiffness and inflammation of the joints, and in some cases, joint destruction and disability. An estimated 1.5 million Americans have the condition, which affects nearly three times as many women as men. While the cause of RA is unknown, many cases are believed to result from genetic and environmental factors.
About Vectra® DA
Vectra DA is the only multi-biomarker blood test for rheumatoid arthritis disease activity that integrates the concentrations of 12 serum proteins associated with RA disease activity into a single objective score, on a scale of 1 to 100, to help physicians make more informed treatment decisions. Vectra DA testing is performed at the Crescendo Bioscience state-of-the-art CLIA (Clinical Laboratory Improvement Amendments) facility. Test results are reported to the physician 5 to 7 days from shipping of the specimen to Crescendo Bioscience. Physicians can receive test results via standard mail, by fax or via the private web portal, VectraView. For more information on Vectra DA, please visit: www.Vectra-DA.com.
About Crescendo Bioscience
Crescendo Bioscience, a wholly-owned subsidiary of Myriad Genetics, Inc., is a molecular diagnostics company dedicated to developing and commercializing quantitative blood tests for rheumatoid arthritis (RA) and other autoimmune diseases, located in South San Francisco, Calif. Crescendo Bioscience develops quantitative, objective, reproducible blood tests to provide rheumatologists with deeper clinical insight to help enable more effective management of patients with autoimmune and inflammatory diseases. For more information, please visit the company website at www.CrescendoBio.com.
About Myriad Genetics
Myriad Genetics Inc., is a leading personalized medicine company dedicated to being a trusted advisor transforming patient lives worldwide with pioneering molecular diagnostics. Myriad discovers and commercializes molecular diagnostic tests that: determine the risk of developing disease, accurately diagnose disease, assess the risk of disease progression, and guide treatment decisions across six major medical specialties where molecular diagnostics can significantly improve patient care and lower healthcare costs. Myriad is focused on three strategic imperatives: maintaining leadership in an expanding hereditary cancer market, diversifying its product portfolio through the introduction of new products and increasing the revenue contribution from international markets. For more information on how Myriad is making a difference, please visit the Company’s website: www.myriad.com.
Myriad, the Myriad logo, BART, BRACAnalysis, Colaris, Colaris AP, EndoPredict, myPath, myRisk, Myriad myRisk, myRisk Hereditary Cancer, myChoice, myPlan, BRACAnalysis CDx, Tumor BRACAnalysis CDx, myChoice HRD, Vectra DA, GeneSight, EndoPredict and Prolaris are trademarks or registered trademarks of Myriad Genetics, Inc. or its wholly owned subsidiaries in the United States and foreign countries. MYGN-F, MYGN-G
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the Vectra DA data to be presented at the 2017 American College of Rheumatology (ACR) Annual Meeting, Nov. 3-8, 2017 in San Diego, Calif.; our commitment to improving care for people living with rheumatoid arthritis; the studies which has shown Vectra DA to be the best predictor of the risk of joint damage; and the Company’s strategic directives under the caption “About Myriad Genetics.” These “forward-looking statements” are based on management’s current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those described or implied in the forward-looking statements. These risks include, but are not limited to: the risk that sales and profit margins of our existing molecular diagnostic tests and pharmaceutical and clinical services may decline or will not continue to increase at historical rates; risks related to our ability to transition from our existing product portfolio to our new tests; risks related to changes in the governmental or private insurers’ reimbursement levels for our tests or our ability to obtain reimbursement for our new tests at comparable levels to our existing tests; risks related to increased competition and the development of new competing tests and services; the risk that we may be unable to develop or achieve commercial success for additional molecular diagnostic tests and pharmaceutical and clinical services in a timely manner, or at all; the risk that we may not successfully develop new markets for our molecular diagnostic tests and pharmaceutical and clinical services, including our ability to successfully generate revenue outside the United States; the risk that licenses to the technology underlying our molecular diagnostic tests and pharmaceutical and clinical services tests and any future tests are terminated or cannot be maintained on satisfactory terms; risks related to delays or other problems with operating our laboratory testing facilities; risks related to public concern over genetic testing in general or our tests in particular; risks related to regulatory requirements or enforcement in the United States and foreign countries and changes in the structure of the healthcare system or healthcare payment systems; risks related to our ability to obtain new corporate collaborations or licenses and acquire new technologies or businesses on satisfactory terms, if at all; risks related to our ability to successfully integrate and derive benefits from any technologies or businesses that we license or acquire, including but not limited to our acquisition of Assurex, Sividon and the Clinic; risks related to our projections about the potential market opportunity for our products; the risk that we or our licensors may be unable to protect or that third parties will infringe the proprietary technologies underlying our tests; the risk of patent-infringement claims or challenges to the validity of our patents; risks related to changes in intellectual property laws covering our molecular diagnostic tests and pharmaceutical and clinical services and patents or enforcement in the United States and foreign countries, such as the Supreme Court decision in the lawsuit brought against us by the Association for Molecular Pathology et al; risks of new, changing and competitive technologies and regulations in the United States and internationally; the risk that we may be unable to comply with financial operating covenants under our credit or lending agreements; the risk that we will be unable to pay, when due, amounts due under our credit or lending agreements; and other factors discussed under the heading “Risk Factors” contained in Item 1A of our most recent Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as well as any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10-Q or Current Reports on Form 8-K.
Media Contact:
Ron Rogers
(801) 584-3065
rrogers@myriad.com
Investor Contact:
Scott Gleason
(801) 584-1143
sgleason@myriad.com
