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Myriad Genetics Appoints Sam Raha as Chief Operating Officer

Key Takeaway: Myriad Genetics has appointed Sam Raha as Chief Operating Officer, effective December 11, 2023. With over 25 years of experience in life sciences and molecular diagnostics, Raha will oversee lab operations, customer service initiatives, and product development. His previous roles include leadership positions at Agilent and Illumina. The company anticipates his contributions will enhance its long-term growth strategy and operational performance.
Price reaction · baseline $15.58 (2023-10-31 close) · hit after-hours · 1 other MYGN headline(s) in the window, move may be shared
day 0 close · peak
+1%

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of Sam Raha brings over 25 years of experience in life sciences.
  • Raha's leadership is expected to drive operational excellence and profitability.
  • The company aims for long-term growth strategy with new perspectives.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~41 mo
Minimal dilution risk
Lead asset
SKB264
Phase 2 · Solid Tumor

Full Press Release Details

SALT LAKE CITY, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced the appointment of Sam Raha as Chief Operating Officer (COO), effective December 11, 2023.
Raha adds more than 25 years of general management, commercial, and operations experience, deeply rooted in life sciences and molecular diagnostics, to the team at Myriad Genetics. In his role as COO, he will be responsible for driving the company’s lab operations, customer service initiatives, and product development innovations.
“Sam is an accomplished leader who understands how to build teams and drive a patient-centric culture, with a proven ability to define, execute and deliver profitable growth for companies within the diagnostics space,” said Paul Diaz, President and CEO, Myriad Genetics. “He will play an integral role in shaping Myriad’s long-term growth strategy, while delivering new perspectives and expertise to advance our current business initiatives, operational excellence and profitability.”
Raha previously served as the President of Agilent’s Diagnostics and Genomics Group where he was responsible for overall strategy along with business and financial results. Prior to Agilent, he was Vice President of Global Marketing at Illumina. He earned his MBA from Santa Clara University and has an undergraduate degree in molecular and cell biology from the University of California, Berkeley.
About Myriad Genetics
Myriad Genetics is a leading genetic testing and precision medicine company dedicated to advancing health and well-being for all. Myriad develops and offers genetic tests that help assess the risk of developing disease or disease progression and guide treatment decisions across medical specialties where genetic insights can significantly improve patient care and lower healthcare costs. For more information, visit www.myriad.com.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to Mr. Raha’s expected contributions to the company and Mr. Raha joining the company on December 11, 2023. These “forward-looking statements” are management’s expectations of future events as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated. Such factors include those risks described in the company’s filings with the U.S. Securities and Exchange Commission, including the company’s Annual Report on Form 10-K filed on March 1, 2023, as well as any updates to those risk factors filed from time to time in the company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Myriad is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.
To view Sam Raha, Myriad Genetics Appoints Sam Raha as Chief Operating Officer, please visit the following link: https://www.globenewswire.com/NewsRoom/AttachmentNg/f6b31029-47ff-47b4-a2d9-a7b04b514b04

Frequently Asked Questions

Who has been appointed as COO of Myriad Genetics?

Sam Raha has been appointed as Chief Operating Officer effective December 11, 2023.

What experience does Sam Raha bring to Myriad Genetics?

Raha brings over 25 years of experience in management, operations, and life sciences.

What will Sam Raha focus on as COO?

He will oversee lab operations, customer service, and product development initiatives.

What roles did Sam Raha hold before joining Myriad Genetics?

He was President of Agilent’s Diagnostics Group and VP of Global Marketing at Illumina.

What is the mission of Myriad Genetics?

Myriad is dedicated to advancing health through genetic testing and precision medicine.

Last updated: Nov 1, 2023