European Regulators Order San Diego’s Illumina to Sell Former Spinoff Grail ...Middle East

A sign on Illumina’s campus in San Diego. Reuters/Mike Blake San Diego genetic sequencing pioneer Illumina has been ordered by European Union antitrust regulators to sell cancer test maker Grail, a former spinoff, for completing the acquisition before securing official approval. Earlier this year corporate raider Carl Icahn launched a proxy fight for control of Illumnia over the Grail acquisition, and former CEO Francis deSouza ultimately resigned. Antitrust watchdogs on both sides of the Atlantic have sharpened their scrutiny of pharma and biotech deals in recent years on fears that some of these may stifle innovation and reduce competition in the sector. The gun-jumping cost I

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