Myriad Genetics And Kaiser Permanente Sign Agreement For Breast Cancer Testing
8.6 Million Kaiser Permanente Members to Have Access to Breast Cancer
Test
Salt Lake City, UT
February 15, 2000
Myriad Genetics, Inc. (Nasdaq:
MYGN) announced today that it has signed a multi-year agreement with
Kaiser Permanente to provide its BRACAnalysis® breast and ovarian
cancer susceptibility test to the healthcare provider's patients. Under
the agreement, Kaiser Permanente will offer Myriad's BRACAnalysis®
test, for patients throughout their system who meet the criteria for
testing for hereditary risk of breast or ovarian cancer.
Kaiser Permanente, headquartered
in Oakland, California, serves the healthcare needs of over 8 million
Americans in 11 states and the District of Columbia. In addition, Kaiser
Permanente includes over 10,000 physicians representing all specialties.
BRACAnalysis® test information will be used by Kaiser Permanente
to provide improved healthcare management of their patients. The information
empowers women to take the most appropriate steps to protect their health
and diminish the likelihood of breast and ovarian cancers.
"We are pleased that Kaiser
Permanente is taking this step to provide women at risk of developing
cancer with access to a test that can save their lives," said Gregory
Critchfield, M.D., President of Myriad Genetic Laboratories, Inc. "Kaiser
Permanente's adoption of the BRACAnalysis® test highlights the
great value that the test provides to healthcare management organizations,
as well as to their physicians in making important healthcare decisions
with the patients they represent." Myriad/Kaiser Permanente
Mutations in the BRCA1 and
BRCA2 genes are responsible for raising a woman's risk of breast cancer
from approximately 2% to 59% by age 50, and to approximately 87% over
her lifetime. Her ovarian cancer risk increases from less than 1% to
nearly 40% by age 50. By establishing a woman's increased risk of breast
and ovarian cancer, physicians and their patients can make therapeutic
choices aimed at preventing these diseases. In addition, by creating
a customized surveillance program, cancer is most likely to be detected
at the earliest possible stage, when the patient survival rate is at
its highest.
Kaiser Permanente joins leading
insurers and health management organizations such as Aetna US Healthcare
and Empire Blue Cross and Blue Shield that have taken the lead in providing
coverage for state-of-the-art medical diagnostic services to their members.
The addition of Myriad's BRACAnalysis® test to the covered services
provided to their members acknowledges the importance of the management
of breast and ovarian cancer risk to women's health.
Kaiser Permanente is America's
leading non-profit integrated health care organization. Founded in 1945,
it is a pre-paid, group-practice program with headquarters in Oakland,
Calif. Kaiser Permanente serves the health care needs of 8.6 million
members in 11 states and the District of Columbia. Today, it encompasses
Kaiser Foundation Health Plan Inc. and subsidiaries, Kaiser Foundation
Hospitals, and the Permanente Medical Groups, as well as an affiliation
with Group Health Cooperative, based in Seattle. Nationwide, Kaiser
Permanente includes about 90,000 technical, administrative and clerical
employees and about 10,000 physicians representing all specialties.
Myriad Genetics, Inc. is
an emerging biopharmaceutical company focused on the development of
therapeutic and diagnostic products that are based on the use of genomic
and proteomic technologies. The Company has established two wholly owned
subsidiaries -- Myriad Pharmaceuticals, Inc., which develops and markets
Myriad Genetics/Kaiser Permanente therapeutic compounds, and Myriad
Genetic Laboratories, Inc., which develops and markets proprietary molecular
diagnostic services and has introduced products in the fields of predictive
medicine and personalized medicine. The Company has established strategic
alliances with Bayer, Eli Lilly, Monsanto, Novartis, Roche, Schering
AG and Schering-Plough.
Note to Editors:
This and other recent releases are available on Myriad's website at
www.myriad.com . The discussion in this news release includes forward-looking
statements that are subject to certain risks and uncertainties. Such
statements are based on management's current expectations that are subject
to risks and uncertainties that could cause actual results to differ
materially from those set forth or implied by forward-looking statements,
including, but not limited to, the timely implementation by the Company
of its plan to prepare its computer systems for the year 2000, the cost
to the Company of such implementation, and the timely conversion by
other parties on which the Company's business relies; intense competition
related to the discovery of disease-related genes; uncertainties as
to the extent of future government regulation of the Company's business,
uncertainties as to whether the Company and its collaborators will be
successful in developing, and obtaining regulatory approval for, and
commercial acceptance of, therapeutics based on the discovery of disease-related
genes and proteins; uncertainties as to the Company's ability to develop
therapeutic lead compounds, which is a new business area for the Company;
and the risk that markets will not exist for therapeutic lead compounds
that the Company develops or if such markets exist, that the Company
will not be able to sell compounds, which it develops, at acceptable
prices.
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