Myriad Genetics' M&A Buys Into Protein-Based Testing
This article was originally published in Start Up
Executive Summary
Oncology oriented Myriad Genetics is investing $25 million in Crescendo Bioscience, a developer of molecular diagnostics for inflammatory disorders. The deal aims at more than a financial return: it includes a 3-year option to acquire Crescendo. That would strengthen Myriad's protein-based test development capabilities. Adding Crescendo to the fold would be consistent with Myriad's focus on service-based offerings -- often a predicate for success in commercializing high-value diagnostics.