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ANALYSIS: Is the Illumina–GRAIL Saga an Outlier, or the Future?

Sept. 9, 2021, 9:00 AM

When Illumina Inc. closed its $7.1 billion merger with GRAIL Inc. on Aug. 18, the merger was under investigation by the European Union’s Competition Commission and facing an attempt by the Federal Trade Commission to block the deal in an administrative enforcement action.

Closing the deal in the midst of such actions was a highly unusual move by Illumina, and opens the company up to potential fines for completing the merger before it clears the E.U.—an offense called “gun-jumping” that could result in fines of up to 10% of Illumina’s consolidated annual revenue worldwide.

Illumina is holding GRAIL separate to ...

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