Matthew Herper's Clips
from Tuesday, July 1, 2008

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Myriad Genetics Rebounds
Matthew Herper
by Matthew Herper  7-1-2008   
 This speaks volumes about the way many investors felt about Myriad's Alzheimer's drug development program. The drug, Flurizan, failed yesterday. Shares dutifully fell. But today they ramped up to a level before the failure. This makes sense, because the drug development program was high risk, and was a drag on the company's genetic testing business. Now, investors can bet on a genomics and diagnostics company without worrying that a risky Alzheimer's drug is about to fail.
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