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Illumina Files Action For Annulment Of EC's Decision Asserting Jurisdiction To Review GRAIL Deal


Illumina Files Action For Annulment Of EC s Decision Asserting Jurisdiction To Review GRAIL Deal
SAN DIEGO (dpa-AFX) - Illumina Inc. (ILMN) said that it has filed an action in the General Court of the European Union asking for annulment of the European Commission s decision asserting jurisdiction to review Illumina s acquisition of GRAIL.
The Commission asserted jurisdiction to review the acquisition under the EU Merger Regulation on April 19, 2021, seven months after the deal was announced.
The European Commission s unprecedented and untimely decision to review this procompetitive acquisition without proper engagement with the parties leaves businesses uncertain as to how the EU Merger Regulation will be applied, said Charles Dadswell, Senior Vice President and General Counsel for Illumina. ....

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Multi-Cancer Early Detection (MCED) Consortium to Chart Path Forward for Use of New Technologies to Improve Early Cancer Detection


MCED is an emerging set of technologies that, when added to existing single cancer screening, provides an opportunity to identify a broad range of cancers earlier in the course of disease. With the use of a simple blood draw, urine, saliva, or stool sample test, MCED technology enables clinicians to rapidly screen for multiple types of cancer at once, potentially catching and treating them earlier.
Multi-cancer early detection represents a paradigm shift in how cancers will be diagnosed and treated in the future, said Brian Druker, MD, director of the Knight Cancer Institute at Oregon Health & Science University, and a founding member of the MCED forum. By bringing together this group of experts from across the cancer research, clinical, and patient advocacy landscapes, we intend to evaluate evidence and establish standards for the emerging field of MCED that can guide physicians in adopting the technology in clinical practice. Ultimately, we are united in our mission to ev ....

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Whether You Like Illumina or Not, Here Are 2 Trade Ideas


Whether You Like Illumina or Not, Here Are 2 Trade Ideas
Who do you think probably better understands this business. one of the very best analysts on the entire street or the FTC?
Stocks quotes in this article:
ILMN
Before we get excited, Illumina (ILMN) does not report for another two and a half weeks. At least now we should not be surprised. We all had our eyes on one ball, in the air, while the juggler was actually doing amazing things with his hands just out of our sight. The story really begins back in September. Big news! Illumina, a firm focused on large scale analysis of genetic variation and biological function, which is huge right now for obvious reasons, to acquire GRAIL, a healthcare company more focused on the early detection of multiple cancer types in a cash and stock deal reportedly worth roughly $8 billion. The deal already had the approval of both boards involved. ....

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