Appeals Court Strikes Down FTC order Against Illumina’s Purchase of Grail ...Middle East

A building on the Illumina Campus in University City. Reuters/Mike Blake A federal appeals court on Friday struck down the Federal Trade Commission’s order against Illumina‘s purchase of cancer diagnostic test maker Grail, a former subsidiary, saying the agency had applied the wrong legal standard in the antitrust case. The New Orleans-based panel of the 5th U.S. Circuit Court of Appeals ordered reconsideration of the San Diego-based genetic sequencing company’s deal, in a 34-page order that marked a setback for FTC. A three-judge panel said the commission improperly held Illumina to a higher standard under U.S. antitrust law in weighing the company’s defense of the acquisition.

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