logo
  

U.S. Judge Rules In Favor Of Illumina In FTC Challenge Of GRAIL Deal

Illumina Inc. (ILMN) said that it received a favorable decision from the Administrative Law Judge presiding over the Federal Trade Commission's or FTC challenge of Illumina's proposed $7.1 billion acquisition of cancer detection test maker Grail.

In the decision, the Judge ruled for Illumina and rejected the FTC's position that the deal would adversely affect competition in a putative market for multi-cancer early detection tests.

Grail was founded by Illumina and was later spun off as a standalone company in January 2017, powered by Illumina's NGS technology. It was in September 2020 that Illumina agreed to buy GRAIL in a cash and stock transaction then valued at about $8 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Foxconn, Apple Inc.'s key iPhone assembler, expects that its major plant in China, which is being hit hard by worker unrest following Covid-19 spread and related restrictions, would restart full production around late December to early January, Reuters reported citing a Foxconn source. Nestle Purina PetCare Co. has recalled a limited amount of certain prescription wet dog food citing labeling error, the U.S. Food and Drug Administration said. The recall involves Purina Pro Plan Veterinary Diets EN Gastroenteric Low Fat or PPVD EN Low Fat wet dog food that comes in 13.4 oz cans. Exportadora Copramar is recalling 1260 cases of James Farm frozen raspberries citing potential to be contaminated with Hepatitis A, the U.S. Food and Drug Administration said. The recall involves James Farm branded frozen raspberries identified by UPC Code: 76069501010 and Lot Code - 22-165.
Follow RTT