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United States $20 Billion Biotech Company Illumina Wins European Union Higher Court Ruling Against European Commission to Block $7.1 Billion Acquisition of Cancer Test Maker Grail in 2021, Illumina Had Spin-Off Grail in 2024 June to Comply with EU Order & Owns 14.5% Shareholding, Grail was Founded by Illumina & Spin-Off in 2016, EU Blocked the Deal in 2022 & Fined Illumina $478 Million for Acquisition Without Approval
5th September 2024 | Hong Kong
United States biotech company Illumina ($20 billion market value) has won a European Union Higher Court ruling against European Commission to block $7.1 billion acquisition of cancer test maker Grail in 2021. Illumina had spin-off Grail in 2024 June to comply with an EU order, and currently owns 14.5% shareholding. Grail was founded by Illumina & spin-off in 2016. In 2022, EU blocked the deal, and fined Illumina $478 million for the acquisition without approval.
“ United States $20 Billion Biotech Company Illumina Wins European Union Higher Court Ruling Against European Commission to Block $7.1 Billion Acquisition of Cancer Test Maker Grail in 2021, Illumina Had Spin-Off Grail in 2024 June to Comply with EU Order & Owns 14.5% Shareholding, Grail was Founded by Illumina & Spin-Off in 2016, EU Blocked the Deal in 2022 & Fined Illumina $478 Million for Acquisition Without Approval “
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United States $20 Billion Biotech Company Illumina Wins European Union Higher Court Ruling Against European Commission to Block $7.1 Billion Acquisition of Cancer Test Maker Grail in 2021, Illumina Had Spin-Off Grail in 2024 June to Comply with EU Order & Owns 14.5% Shareholding, Grail was Founded by Illumina & Spin-Off in 2016, EU Blocked the Deal in 2022 & Fined Illumina $478 Million for Acquisition Without Approval
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