Updated on 4 July 2013
Another important reason why the company sailed strongly through the four-year long battle was because regardless of the verdict, Myriad's patents were set to expire in December 2015. However, experts believe that the verdict has opened up the floodgates for more DNA tests for breast and ovarian cancer genes, which forms the basic core of Myriad's business.
Mr Peter Meldrum, president and CEO, Myriad, said, "We believe the court appropriately upheld our claims on cDNA, and underscored the patent eligibility of our method claims, ensuring strong intellectual property protection for our BRACAnalysis test moving forward."
Many believe that since the company has dominated this market for a long time now, it has acquired enough expertise to beat the competition that is about to rise. Further, the company also plans to start offering its own cancer-wide gene risk test, which will analyze 25 genes that can put people at higher risk for various cancers.
"More than 250,000 patients rely upon our BRACAnalysis test annually, and we remain focused on saving and improving peoples' lives and lowering overall health care costs," said Mr Meldrum.
Now that the patent on BRCA1 and BRCA2 genes has been invalidated, many potential competitors are announcing their version of the test that check for the mutations in these genes. However, before the market opens up, Myriad is ensuring that it makes most of its remaining trail of dominance in this industry.