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Myriad Genetics Enters Testing Agreement With Teva Subsidiary

DOW JONES NEWSWIRES Molecular-diagnostic company Myriad Genetics Inc. (MYGN) said Wednesday it agreed to conduct BRCA1 and BRCA2 mutation testing for Cephalon Inc., a Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) subsidiary, to help assess women's risk for hereditary breast and ovarian cancer. BRCA1 and BRCA2 are human genes that belong to a class of tumor suppressor genes. Mutation of these genes has been linked to hereditary breast and ovarian cancer, according to the National Cancer Institute. Under the agreement, Myriad will assess the BRCA status in patients prior to being enrolled in a Phase I/II study. Myriad has entered into similar agreements with Abbott Laboratories (ABT), AstraZeneca PLC (AZN, AZN.LN) and BioMarin Pharmaceutical Inc. (BMRN) to provide companion diagnostic testing for clinical trial enrollment. Myriad's shares closed Wednesday at $23.56 and were inactive after hours. The stock is up 15% over the past three months. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Teva Pharmaceutical (TEVA)
DateTimeHeadline
03/30/201508:14:08Teva to Acquire Auspex in $3.2 Billion Deal
03/23/201509:59:36Teva Migraine Therapy Shows Positive Results in Phase IIb Study
03/02/201509:50:38Correction to Story About Teva Selling Pennsylvania Facility
03/02/201509:18:27Teva Sells Pennsylvania Facility to G&W Laboratories
02/17/201508:33:57Teva to Distribute Eagle Pharmaceutical's Cancer Drug in U.S.
01/26/201508:10:04FDA Rejects Antares' Application for Generic Migraine Drug
08/19/201401:55:00Gamida Cell Announces Investment and Option Agreement with Major...

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