Event-Driven Stocks

Myrexis, Inc.

Completed

Formerly Myriad Pharmaceuticals, Inc.

Spin-offSpun off from Myriad GeneticsMYGNNasdaq

The two companies

Parent
Myriad GeneticsMYGNNasdaq
In Vitro & In Vivo Diagnostic Substances
↓ spun off ↓

Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.

Sector
Healthcare
Industry
Pharmaceutical Preparations
Exchange
State of incorporation
DE
Record date
Distribution date
June 30, 2009
Ratio
1:4
Parent sector
In Vitro & In Vivo Diagnostic Substances
Form
10-12B/A
Filed
June 8, 2009

Financials — parent vs spin-off

SEC XBRL · latest year
Myriad GeneticsFY25
Revenue
$825M
Operating income
−$387M
Net income
−$366M
Total assets
$707M
Equity
$368M
Myrexis, Inc.FY13
Revenue
Operating income
−$3M
Net income
−$3M
Total assets
$1M
Equity
$1M

Latest reported figures from each company's own SEC filings — the parent after the separation and the spin-off as a standalone. Full multi-year history on each company hub.

Spin-off signals

score 1/5 favorable · factors, not advice
  • Focus-increasingNo — both Healthcare

    Spin-offs into a different sector than the parent (pure-plays) have historically outperformed diversifying ones.

  • Return on capital employed-276.1%

    EBIT ÷ capital employed — the quality metric the spin-off scorecard research weighs most.

  • Tax-basis reportNone found

    A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.

  • Insider buying (post-spin)18 open-market buys

    Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.

  • Time since spin-off16.9 years

    Studies find the spin-off return premium concentrates in roughly the first one to three years.

Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗

Filings & documents

Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.