Il­lu­mi­na los­es chal­lenge to block EU an­titrust probe in­to $8B Grail buy­out

Fight­ing to push its $8 bil­lion ac­qui­si­tion of Grail past Eu­ro­pean reg­u­la­tors, Il­lu­mi­na suf­fered a key set­back Wednes­day when an EU court ruled an an­titrust probe in­to the buy­out can pro­ceed.

Il­lu­mi­na was chal­leng­ing the in­quiry af­ter the EU ob­ject­ed to the ac­qui­si­tion over con­cerns it would con­cen­trate most avail­able ge­net­ic se­quenc­ing tests un­der one roof. The com­pa­ny has said it would ap­peal the rul­ing to Eu­rope’s high­est court, Reuters re­port­ed, but the bloc’s an­titrust group may not wait for that process — which could take years — to wrap up be­fore de­cid­ing whether to block the deal.

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