Myriad spun off some 24 million shares of MYRX (initially above $7) and gave the new company $188M seed money. According to their May '09 quarterly, they had at that time $535M in cash eq. and now they are assigned $402M in cash. Anyone know from whence the $55M difference in cash to MYRX came?
The only negatives seem to be the BRCA lawsuits. They may remain unresolved for years and lead nowhere.