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EU fines US firm Illumina $475 million for jumping gun on buying cancer-screening company Grail

Por: WPLG Local 10 Tech July 12, 2023

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BRUSSELS – The European Union on Wednesday slapped a $475 million fine on U.S. biotech giant Illumina for buying cancer-screening company Grail without regulators' approval, the latest setback for the deal.Illumina announced an $7.1 billion acquisition of Grail in 2020, but the European Commission, the EU's executive arm and top antitrust enforcer, said the company broke EU merger rules by completing the deal without its consent. The... + full article



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