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Exclusive-Illumina remedies on Grail bid ‘yet to convince’ Eu antitrust regulators, sources say -Breaking


© Reuters. FILE PHOTO A photograph of the building that is part of the Illumina headquarters in San Diego (California), U.S.A, September 1, 2021. REUTERS/Mike Blake

BRUSSELS (Reuters). Despite Illumina’s offers to reduce prices and let rivals continue to have access to its technologies, Illumina (NASDAQ :), a U.S.-based life sciences company has yet to impress EU antitrust regulators as they examine its $8 billion cash-and stock bid for Grail. According to sources familiar with the matter, these people are not convinced.

The European Commission began an investigation into this deal in July 2013 and warned of potential harm to innovation and market competition for DNA-based tests that detect cancer.

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