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Myriad To Enter Neuroscience Market With $225m Assurex Acquisition

In its bid to develop more targeted diagnostics and build future partnerships with pharma companies, Myriad has signed a $225m deal, plus milestones, to acquire Assurex Health.

Myriad Genetics Inc. has signed a definitive agreement to acquire Assurex Health Inc. for $225m upfront to move into the neuroscience personalized medicine market. The company says it will pay out an additional $185m based on performance-based milestones. If all goes according to plan, the deal is expected to close in the first quarter of 2017.

With the deal, Myriad will gain Assurex's GeneSight, a laboratory-developed genomic test that analyzes the pharmacokinetic and pharmacodynamics effects of 55 antidepressant/antipsychotic/mental health medications drugs based on patients' genetic make-up

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