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(FURX, FIRE, MYGN) PennyOmega.com Watch List for Wed Nov. 02, 2011

Posted, by pennylynnomega on November 1st, 2011

MYGN, Myriad Genetics, Inc.

** On its first quarter fiscal 2012, MYGN posted record revenue of $110.5 million, an increase of 20 percent year over year. Operating income was $41.5 million, an increase of 17 percent from the prior-year period.

MYGN is a leading molecular diagnostic company dedicated to developing and marketing transformative tests to assess a person's risk of developing disease, guide treatment decisions and assess a patient's risk of disease progression and disease recurrence.

More about MYGN at www.myriad.com.

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FIRE, Sourcefire, Inc.

** FIRE reported record revenue for third quarter 2011 of $45.2 million, an increase of 25% compared to the same period the prior year, and adjusted net income of $5.7 million, this compares to adjusted net income of $5.2 million in the third quarter of 2010.

With solutions from the network to the endpoint, FIRE provides customers with Agile SecurityTM that is as dynamic as the real world it protects and the attackers against which it defends. Trusted for more than 10 years, FIRE has been consistently recognized for its innovation and industry leadership with dozens of patents, world-class research, and award-winning technology.

More about FIRE at www.sourcefire.com.

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FURX, Furiex Pharmaceuticals, Inc.

** FURX reported that it has acquired full exclusive license rights to develop and commercialize the compound MuDelta for the treatment of diarrhea-predominant irritable bowel syndrome (or IBS-D) under its existing development and license agreement with Janssen Pharmaceutica N.V. FURX acquired these rights as a result of Janssen's decision, after an evaluation of strategic fit within its late stage portfolio, not to exercise its option under the agreement to continue development of MuDelta.

FURX also announced today that it held a formal End-of-Phase II meeting with the U.S. Food and Drug Administration, or the FDA, and reached agreement with the FDA on the design of its proposed MuDelta Phase III development plan for IBS-D.

Diarrhea-predominant irritable bowel syndrome (IBS-D) is a functional bowel disorder characterized by chronic abdominal pain and frequent diarrhea, which affects approximately 12 million Americans.

FURX is a drug development collaboration company that uses innovative clinical development design to accelerate and increase value of partnered drug programs by advancing them through the drug discovery and development process in a cost-efficient manner.

More about FURX at www.furiex.com.

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Authored by, pennylynnomega
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