In a case that had been closely watched across multiple industries, Illumina chose to divest Grail in the light of legal action from the European Commission and the US Federal Trade Commission.

The Federal Trade Commission has ordered Illumina to divest Grail, the cancer detection business it bought for $7.1 billion in 2021, saying it will “stifle” competition and innovation in the US.

September 6, 2022 Illumina will have to divest Grail after EU blocks takeover U.S. life sciences firm Illumina will have to divest biotechnology company Grail after an EU veto of the $7.1 billion ...

The San Diego company also lowered its financial guidance for 2025 in response to China’s import restrictions.

The latest job cuts at Illumina’s California headquarters are not part of a broad-based reduction, a company spokesperson ...

Thaysen has had to deal with orchestrating Illumina’s comeback strategy and the loose ends related to unwinding the company’s failed $7.1 billion acquisition of Grail. The early stage blood ...

Illumina's financial flexibility declined a bit to purchase Grail, but given the use of equity and limited debt, Illumina's balance sheet remains lightly leveraged. As of December 2024 ...

Grail (NASDAQ:GRAL) noted that more than 500K providers used the Quest (DGX) system last year. Illumina (ILMN) spun off Grail (GRAL) in June after being told by regulators to unwind a merger with ...

11 analysts have expressed a variety of opinions on Illumina ILMN over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments ...

The department is, however, no longer calling for the company to divest all its investments in artificial intelligence, including the billions Google has poured into Anthropic. “Google’s ...

Here are the biggest headlines of the day in the latest Market Minute. Illumina (ILMN) shares have recouped their losses. The stock had fallen after China banned it from exporting its gene ...

Israel’s genocide against the Palestinian people has provoked the largest, most energetic international campaign of boycotts, divestment, and sanctions since the movement against apartheid in ...