Myriad Genetics
To advance health and well-being by making genetic insights integral to every major health decision for millions.
Myriad Genetics SWOT Analysis
How to Use This Analysis
This analysis for Myriad Genetics was created using Alignment.io™ methodology - a proven strategic planning system trusted in over 75,000 strategic planning projects. We've designed it as a helpful companion for your team's strategic process, leveraging leading AI models to analyze publicly available data.
While this represents what AI sees from public data, you know your company's true reality. That's why we recommend using Alignment.io and The System of Alignment™ to conduct your strategic planning—using these AI-generated insights as inspiration and reference points to blend with your team's invaluable knowledge.
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This Myriad Genetics SWOT Analysis reveals a company at a critical inflection point. Its core strengths—a diverse portfolio, trusted brand, and invaluable data asset—provide a strong foundation. However, the path to its vision is challenged by persistent unprofitability and intense competitive pricing pressure. The key to victory lies in leveraging its data as a moat, aggressively expanding into the high-growth mental health and international markets, and achieving sustainable profitability through operational excellence. The opportunities in pharma partnerships and deeper EMR integration are accelerators that must be seized. Ignoring the regulatory threats and the commoditizing force of competition would be a fatal error. The strategic imperative is clear: differentiate through innovation and data, expand into new frontiers, and build a profitable, resilient business model capable of funding its long-term vision of preventative, personalized medicine for all.
To advance health and well-being by making genetic insights integral to every major health decision for millions.
Strengths
- PORTFOLIO: Diverse product mix shields from single-product risk (16% vol growth)
- BRAND: 30+ years of trust with oncologists and OB/GYNs is a key moat
- DATA: Massive proprietary genetic database is a major competitive asset
- SCALE: Established lab infrastructure allows for efficient test processing
- PAYER: Broad in-network coverage with major US health insurance payers
Weaknesses
- PROFITABILITY: History of net losses, turnaround still in progress (Q1 loss $4.8M)
- PRICING: Intense competitive pressure continues to erode average selling prices
- TECH: Legacy systems may slow down integration of new tech and AI models
- DEBT: While manageable, debt service impacts cash available for R&D
- PERCEPTION: Past controversies over BRCA patents linger in public memory
Opportunities
- MENTAL HEALTH: GeneSight market is large and underpenetrated, driving growth
- INTERNATIONAL: Significant revenue potential outside the US is untapped
- PHARMA: Companion diagnostics partnerships offer high-margin revenue streams
- INTEGRATION: Deep EMR integration can create sticky provider relationships
- LIQUID BIOPSY: Entering the minimal residual disease (MRD) market is key
Threats
- COMPETITION: Aggressive pricing from Natera, Invitae, and others is a major threat
- REGULATION: Potential FDA regulation of LDTs could increase compliance costs
- REIMBURSEMENT: Payer uncertainty and policy changes are a constant risk
- TECHNOLOGY: Rapid technological shifts could make current tests obsolete
- PRIVACY: Heightened consumer and regulatory focus on genetic data privacy
Key Priorities
- PROFITABILITY: Drive to sustainable profitability through cost discipline & growth
- DIFFERENTIATION: Leverage data and brand to defend against price commoditization
- EXPANSION: Aggressively pursue growth in mental health and international markets
- INNOVATION: Invest in next-gen tech like liquid biopsy and AI applications
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Myriad Genetics Market
AI-Powered Insights
Powered by leading AI models:
- Myriad Genetics Q1 2024 Earnings Report & Press Release
- Myriad Genetics Investor Relations Website (Presentations, SEC Filings)
- Reputable financial news sources (e.g., Yahoo Finance, MarketWatch)
- Myriad Genetics Official Company Website (myriad.com)
- Competitor financial reports and websites for comparative analysis
- Founded: 1991, by founders from University of Utah.
- Market Share: Leading share in Hereditary Cancer, growing in others.
- Customer Base: Physicians (OB/GYNs, oncologists), patients, pharma.
- Category:
- SIC Code: 8071 Medical Laboratories
- NAICS Code: 621511 Medical Laboratories
- Location: Salt Lake City, Utah
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Zip Code:
84108
Congressional District: UT-1 SALT LAKE CITY
- Employees: 2800
Competitors
Products & Services
Distribution Channels
Myriad Genetics Business Model Analysis
AI-Powered Insights
Powered by leading AI models:
- Myriad Genetics Q1 2024 Earnings Report & Press Release
- Myriad Genetics Investor Relations Website (Presentations, SEC Filings)
- Reputable financial news sources (e.g., Yahoo Finance, MarketWatch)
- Myriad Genetics Official Company Website (myriad.com)
- Competitor financial reports and websites for comparative analysis
Problem
- One-size-fits-all approach to medicine
- Late diagnosis of preventable diseases
- Ineffective trial-and-error prescribing
Solution
- Actionable genetic tests for personalized care
- Early risk identification for cancer/disease
- Genetic guidance for medication selection
Key Metrics
- Test Volume, Average Selling Price (ASP)
- Revenue Growth, Adjusted Operating Income
- Customer Acquisition Cost, Gross Margin %
Unique
- Largest proprietary human genetic database
- 30+ year brand trust with clinicians
- Superior variant classification engine
Advantage
- Vast, clinically annotated dataset
- Deeply entrenched commercial relationships
- Regulatory and reimbursement expertise
Channels
- Direct sales force targeting physicians
- Partnerships with major health systems
- Digital marketing to patients/providers
Customer Segments
- Oncologists, OB/GYNs, Psychiatrists
- Patients and their families
- Pharmaceutical and biotech companies
Costs
- R&D for new test development
- Lab operational costs (reagents, labor)
- Sales, General & Administrative (SG&A)
Myriad Genetics Product Market Fit Analysis
Myriad Genetics empowers doctors and patients with precise genetic insights to preemptively manage disease and select the most effective treatments. This personalized approach improves patient outcomes, eliminates wasteful spending on ineffective care, and establishes a new, proactive standard in medicine, from oncology to mental health, backed by three decades of scientific leadership and data.
Actionable insights that improve patient outcomes
Personalized care paths reducing healthcare costs
Trusted scientific rigor and clinical support
Before State
- Reactive, one-size-fits-all treatments
- Uncertainty about hereditary disease risk
- Trial-and-error mental health medication
After State
- Personalized, targeted therapies chosen
- Proactive health plans based on genetics
- Informed mental health treatment paths
Negative Impacts
- Ineffective treatments and side effects
- Delayed diagnosis of critical diseases
- Anxiety and wasted healthcare spending
Positive Outcomes
- Better patient outcomes and lower costs
- Early disease detection and prevention
- Faster relief for mental health patients
Key Metrics
Requirements
- Accurate, reliable genetic testing
- Actionable, easy-to-understand reports
- Seamless integration into clinical care
Why Myriad Genetics
- Provide high-quality genetic insights
- Educate providers on test applications
- Ensure broad insurance reimbursement
Myriad Genetics Competitive Advantage
- Unmatched variant classification database
- Decades of trust with medical community
- Broadest portfolio of specialized tests
Proof Points
- Over 7 million patients tested to date
- Numerous peer-reviewed publications
- FDA-approved companion diagnostic tests
Myriad Genetics Market Positioning
AI-Powered Insights
Powered by leading AI models:
- Myriad Genetics Q1 2024 Earnings Report & Press Release
- Myriad Genetics Investor Relations Website (Presentations, SEC Filings)
- Reputable financial news sources (e.g., Yahoo Finance, MarketWatch)
- Myriad Genetics Official Company Website (myriad.com)
- Competitor financial reports and websites for comparative analysis
Strategic pillars derived from our vision-focused SWOT analysis
Dominate testing for therapy selection.
Lead in prenatal and hereditary cancer screens.
Establish GeneSight as the standard of care.
Monetize our unique dataset via AI-driven tools.
What You Do
- Provides genetic tests and precision medicine.
Target Market
- Patients and healthcare providers.
Differentiation
- Proprietary datasets and variant classification
- Established brand and physician trust
Revenue Streams
- Test sales reimbursed by payers
- Direct patient payments
Myriad Genetics Operations and Technology
AI-Powered Insights
Powered by leading AI models:
- Myriad Genetics Q1 2024 Earnings Report & Press Release
- Myriad Genetics Investor Relations Website (Presentations, SEC Filings)
- Reputable financial news sources (e.g., Yahoo Finance, MarketWatch)
- Myriad Genetics Official Company Website (myriad.com)
- Competitor financial reports and websites for comparative analysis
Company Operations
- Organizational Structure: Business units: Oncology, Women's Health, MH.
- Supply Chain: Lab operations, sample collection kits, reagents.
- Tech Patents: Portfolio of patents on genes and testing methods.
- Website: https://myriad.com/
Myriad Genetics Competitive Forces
Threat of New Entry
Medium: High initial capital for labs and regulatory hurdles (CLIA/CAP) are barriers, but tech advancements are lowering them.
Supplier Power
Low-Medium: Key suppliers for sequencing equipment (e.g., Illumina) have some power, but lab consumables are more commoditized.
Buyer Power
High: Large insurance payers (buyers) exert significant pressure on reimbursement rates and coverage decisions, dictating prices.
Threat of Substitution
Medium: Whole genome sequencing offers a potential future substitute, but targeted panels currently offer more actionable, cost-effective data.
Competitive Rivalry
High: Intense price competition from Natera, Invitae, and Exact Sciences. Differentiation is key to maintaining margins.
AI Disclosure
This report was created using the Alignment Method—our proprietary process for guiding AI to reveal how it interprets your business and industry. These insights are for informational purposes only and do not constitute financial, legal, tax, or investment advice.
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About Alignment LLC
Alignment LLC specializes in AI-powered business analysis. Through the Alignment Method, we combine advanced prompting, structured frameworks, and expert oversight to deliver actionable insights that help companies understand how AI sees their data and market position.