logo
Plus   Neg
Share
Email

Former Myriad Genetics CEO Peter Durkee Meldrum Passes Away

Myriad Genetics Inc. (MYGN) said that the company's former chief Executive officer Peter Durkee Meldrum, age 71, passed away on December 20, 2018.

Pete was a co-founder of Myriad Genetics, forming the company with Dr. Mark Skolnick in 1992. Pete steered the company from its inception through its initial public offering in 1995, to a profitable company with more than 2,500 employees that provided over two million patient test results by the time of his retirement in 2015.

"We are deeply saddened by Pete's passing," said Mark Capone, president and CEO, Myriad Genetics. "He was a scientific visionary and pioneer in the fields of personalized medicine and molecular diagnostics. He cared deeply about making a difference in patients' lives by providing perfect test results which are values that we continue to live by every day."

Pete was born on June 26, 1947, in Salt Lake City, Utah, the eldest son of Benjamin "Nibs" Meldrum and Grace Durkee Meldrum.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tech giant Apple Inc. (AAPL) is reportedly planning to begin assembling a new low-cost iPhone 9 in February. According to Bloomberg, the Cupertino, California-based company is expected to officially unveil the new phone as early as March. The assembly work for the new handset will be split among Taiwan-based... A Louisville, Kentucky-based franchise of Wendy's and Fazoli's restaurants, was ordered by the federal government to pay a civil penalty of $157,114 for violating child labor laws. The U.S. Department of Labor's Wage and Hour Division or WHD said its investigation found that Manna Inc. violated child labor requirements of the Fair Labor Standards Act at 99 Wendy's and Fazoli's restaurants. Tesla's market capitalization briefly crept up the $100 billion mark in extended trading on Tuesday, making it the first publicly-listed automaker in the U.S. to achieve the feat. Tesla's stock gained 7.2 percent to close Tuesday's regular trading session at $547.20, and rose to $555 in after-hours trading, pushing the luxury electric car maker's market valuation to more than $100 billion.
RELATED NEWS
Follow RTT
>