The fine is about 10 percent of Illumnia’s revenue last year; the company had set aside capital to prepare for the fine. Illumina plans to appeal the decision and described the fine as “disproportionate.”
Illumina finalized its purchase of Grail in August 2021. In April 2023, the Federal Trade Commission ordered Illumina to divest from Grail.
“If companies merge before our clearance, they breach our rules,” EU Competition Commissioner Margrethe Vestager said. “Illumina and Grail knowingly and deliberately did so by implementing their tie-up as we were still investigating.”
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
