Group14, now valued above $3 billion, also got a $100 million government grant to boost domestic battery production. Read More...
Reuters
Illumina defends $7.1 billion Grail buy to fend off antitrust regulators
U.S. life sciences company Illumina Inc on Tuesday defended its $7.1 billion acquisition of biotech firm Grail Inc , pledging to keep selling its DNA sequencing services to other firms, as it seeks to head off a potential vote by U.S. antitrust regulators to kill the deal. The Federal Trade Commission, which enforces antitrust law, filed a complaint in March 2021 to stop Illumina’s bid for its former subsidiary Grail. The agency cited concerns that Illumina, the dominant provider of DNA sequencing for multi-cancer early detection tests, might raise prices or refuse to keep selling to rivals of Grail, which is seeking to market a powerful test to diagnose many kinds of cancer from a single blood test.
