Home Actualité internationale World news – US – Sequencing Firm Illumina to Pay $7.1 Billion for Liquid-Biopsy Firm Grail
Actualité internationale

World news – US – Sequencing Firm Illumina to Pay $7.1 Billion for Liquid-Biopsy Firm Grail

The purchase in cash and stock of Grail, a developer of a long-sought blood test that promises to detect cancer early, will be Illumina’s biggest acquisition.

Illumina Inc., a leading maker of the machines that sequence genes, said Monday it will pay $7.1 billion in cash and stock for a developer of a long-sought blood test that promises to detect cancer early.

The deal for the part of Grail Inc. that Illumina doesn’t already own will move the company deeper into the application of its gene-sequencing technology to the diagnosis and treatment of patients, a potential multibillion-dollar market.



SOURCE: https://www.w24news.com/news/world-news-us-sequencing-firm-illumina-to-pay-7-1-billion-for-liquid-biopsy-firm-grail/?remotepost=308532

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