European Commission
European Commission Orders Illumina to Divest Grail
Illumina will be able to choose the method of divestment, but may need to provide Grail with more than $1 billion in cash to fund operations for several years.
European Commission Fines Illumina €432M For Prematurely Closing Grail Acquisition
The EC also fined Grail €1,000, a symbolic amount and the first instance of imposing a fine on a company that was the target of a prematurely closed acquisition.
A shortage of regulatory capacity continues to slow the implementation of the EU's In Vitro Diagnostic Regulation.
European Commission Outlines Intended Restorative Measures for Blocked Illumina-Grail Deal
In a Statement of Objections, the agency laid out the intended divestment and transitional measures for Illumina to unwind and dissolve the Grail acquisition.
EU to Disallow Illumina's Grail Purchase
Separately, the US Federal Trade Commission said it will appeal an administrative law judge's initial decision in an antitrust case that was favorable to Illumina.