Myriad Genetics Launches Awareness Advertising Campaign to Educate Women About Hereditary Risks of Breast and Ovarian Cancers
SALT LAKE CITY, UT, Sep 10, 2007 (MARKET WIRE via COMTEX News Network) -- Myriad Genetics, Inc. (NASDAQ: MYGN) announced today that it has
launched a comprehensive public awareness advertising campaign --
known as the BRACAnalysis(R) Awareness Campaign -- designed to reach
women with a family history of breast and/or ovarian cancer, and the
healthcare providers that treat them.
It is estimated that there are more than a million people in the
United States with inherited genetic mutations predisposing them to an
increased risk of cancer. It is estimated that fewer than 3 percent of
them know it. This campaign is being initiated with the hope that
women with a family history of breast or ovarian cancer will contact
their physicians to learn more about their risk of developing cancer
and the actions they can take to reduce their risk.
"The purpose of the BRACAnalysis public awareness campaign is to save
lives," said Gregory C. Critchfield, M.D., president of Myriad
Genetic Laboratories, Inc. "The risks of breast and ovarian cancers
are very high in individuals carrying mutations in either the BRCA1
or BRCA2 genes. Through a blood test, BRACAnalysis identifies
high-risk women so they can take steps to reduce their risk for these
cancers."
The public awareness campaign being conducted across the Northeast
also includes physician education and outreach, consumer education,
and public relations, while the advertising component is being
conducted specifically in four areas, namely Boston, Hartford,
Providence and New York City, and will continue through the spring of
2008. The company is currently focused on reaching out to women and
their families in the Northeast as the region has numerous resources,
including physicians, genetic counselors and other healthcare
providers that are able to provide hereditary risk assessments,
genetic testing and counseling services for women with a personal or
family history of breast or ovarian cancer.
The BRACAnalysis advertisements are intended to be informative,
factual, positive and empowering with the goal of encouraging women to
think about their family history of breast and ovarian cancers. The
advertisements, which also aim to inform women that there are steps
they can take to reduce their breast and ovarian cancer risks, direct
women to talk to their doctor and visit www.bracnow.com or call
1-866-BRAC-NOW for more information. Through both the Web site and
toll-free number, women will be able to access general information
about management of hereditary breast and ovarian cancers and will be
encouraged to talk to their healthcare provider for additional
information and follow-up.
Adds Critchfield, "We are committed to working with healthcare
providers around the country to provide useful resources for them to
offer hereditary risk assessment, counseling and genetic testing to
their patients."
About Hereditary Breast and Ovarian Cancer Syndrome
According to the American Cancer Society, there are approximately 2.3
million women who have a history of breast cancer. Nearly 180,000
women will learn that they have breast cancer and more than 22,000
women will learn that they have ovarian cancer this year. Up to 10
percent of these women will have a hereditary risk factor that
predisposed them to developing cancers.
BRCA1 and BRCA2 are two genes that normally work to prevent breast
and ovarian cancer. But in some cases, a person inherits, from either
parent, a BRCA1 or BRCA2 gene with an alteration. This alteration or
mutation interferes with the normal activity of the gene, making a
person more susceptible to breast and ovarian cancer. Hereditary
Breast and Ovarian Cancer is most often associated with families that
have any one of the following: breast cancer before age 50; ovarian
cancer at any age; both breast and ovarian cancer; 2 primary breast
cancers; male breast cancer at any age; specific ethnic groups,
particularly Ashkenazi Jewish ancestry; or a previously identified
BRCA1 or BRCA2 genetic mutation in the family.
According to estimates, women with an altered BRCA1 or BRCA2 gene
have a 56 to 87 percent risk to develop breast cancer by age 70,
whereas the risk for women in the general population is only about 7
percent. Additionally, women with an altered BRCA1 or BRCA2 gene
have a 27 to 44 percent risk to develop ovarian cancer by age 70,
whereas the risk is less than two percent for women in the general
population.
About BRACAnalysis(R)
BRACAnalysis(R) is a blood test which is sent to Myriad Genetic
Laboratories where a sophisticated analysis of the BRCA1 and BRCA2
gene sequences is performed. The test detects alterations in the
BRCA1 and BRCA2 genes to help determine a woman's risk of developing
breast or ovarian cancer and has become the standard of care in
identification of individuals with HBOC syndrome. In most cases, the
test is covered by insurance.
About Myriad Genetics, Inc.
Myriad Genetics, Inc. is a biotechnology company focused on the
development and marketing of novel therapeutic and molecular
diagnostic products. Myriad's news and other information are
available on the Company's Web site at www.myriad.com.
BRACAnalysis(R) is a registered trademark of Myriad Genetics, Inc. in
the U.S. and other countries.
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include statements relating to the
launch of the Awareness Advertising Campaign; the focus, scope and
duration of the campaign; the ability of the campaign to reach women
with a family history of breast and/or ovarian cancer and the
healthcare providers that treat them; and the ability of the campaign
to educate women about the risks of hereditary breast and ovarian
cancer. These risks and uncertainties include, but are not limited
to, our inability to further identify, develop and achieve commercial
success for new products and technologies; our ability to discover
drugs that are safer and more efficacious than our competitors; our
ability to develop molecular diagnostic products that help assess
which patients are subject to greater risk of developing diseases and
who would therefore benefit from new preventive therapies; the
possibility of delays in the research and development necessary to
select drug development candidates and delays in clinical trials; the
risk that clinical trials may not result in marketable products; the
risk that we may be unable to successfully finance and secure
regulatory approval of and market our drug candidates, or that
clinical trials will be completed on the timelines we have estimated;
uncertainties about our ability to obtain new corporate
collaborations and acquire new technologies on satisfactory terms, if
at all; the development of competing products and services; our
ability to protect our proprietary technologies; patent-infringement
claims; risks of new, changing and competitive technologies and
regulations in the United States and internationally; and other
factors discussed under the heading "Risk Factors" contained in Item
1A in our Annual Report on Form 10-K for the year ended June 30,
2006, 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. All information in this press release is as of the date
of the release, and Myriad undertakes no duty to update this
information unless required by law.
Media Contacts:
William A. Hockett, III
Executive VP of Communications
Myriad Genetics, Inc.
801.584.3600 O
Email Contact
Kelly Connor
Vice President
Ogilvy PR
212.880.5328 O
609.221.5785 M
Email Contact
SOURCE: Myriad Genetics
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