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Illumina unveils preliminary fourth-quarter revenue that tops estimates

Illumina unveils preliminary fourth-quarter revenue that tops estimates
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Health News Roundup: Planned Parenthood drops challenge to Kentucky abortion ban; GSK's cancer drug combination meets primary goal in late-stage trial and more

Health News Roundup: Planned Parenthood drops challenge to Kentucky abortion ban; GSK's cancer drug combination meets primary goal in late-stage trial and more
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Tag: Illumina Inc – NBC 7 San Diego

Articles from the tag: Illumina Inc

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San Diego-Based Illumina to Divest Cancer Test Maker Grail After Antitrust Battles

A U.S. appeals court on Friday ordered the Federal Trade Commission (FTC) to conduct a new review of Illumina’s purchase of Grail, saying the agency had applied the wrong legal standard in its arguments.

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Illumina to divest cancer test maker Grail after antitrust battles

The divestiture will be executed through a third-party sale or capital markets transaction, San Diego-based Illumina said in a statement, adding that it would finalize the terms by second quarter of 2024. Grail will continue to be held separate with committed funding from Illumina for the company's business through the divestment process, the former said in a separate statement. Grail, valued at $7.1 billion under Illumina's deal, is seeking to market a blood test that can diagnose many kinds of cancer, known as a liquid biopsy.

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AP Business SummaryBrief at 12:07 a.m. EST

AP Business SummaryBrief at 12:07 a.m. EST
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Illumina Stock Rises. It's Selling Grail and Giving Up Biotech Antitrust Battle.

The decision shows that Illumina didn’t see a way to overcome regulators’ objections.

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Futures edge up, Illumina to divest Grail - what's moving markets By Investing.com

Futures edge up, Illumina to divest Grail - what's moving markets By Investing.com
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AP Business SummaryBrief at 6:50 a.m. EST

BP is the latest company to pause Red Sea shipments over fears of Houthi attacks

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Illumina rises premarket after gene-sequencing group announces Grail divestiture

Illumina rises premarket after gene-sequencing group announces Grail divestiture
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