Thndr Claps » U.S. Claps » Mergers & Acquisitions 🤝 » Illumina granted permission to acquire Grail👩⚕️
The ClapIllumina has been given green light to acquire cancer detection company Grail Inc.
More on Illumina Illumina develops, manufactures, & markets integrated systems for large-scale analysis of genetic variation & function.
The DeetsA U.S. judge ruled that the acquisition would not hurt competition, something the Biden administration has been pushing to tackle.
So WhatThe $7.1 billion deal has been on hold for a year now, as the U.S. competition watchdog, the Federal Trade Commission (FTC), filed a lawsuit against Illumina.
Now WhatThe FTC could turn to another official commission, which has the power to overturn the judge’s decision.
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