STAT+: Illumina says it will divest Grail, starting a closing chapter for a disastrous deal
STAT
DECEMBER 17, 2023
Illumina, the leading maker of DNA sequencing machines, said Sunday that it would divest Grail, the developer of a multi-cancer screening test, which it bought over the objections of regulators in the U.S. and Europe in August 2021. Illumina said the decision to spin Grail off followed a Friday decision of the U.S. Fifth Circuit Court of Appeals, which held that the merger was anti-competitive.
Let's personalize your content