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Illumina Inc

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  • Tuesday, 5 September, 2023
    Illumina appoints new CEO after battle with investors

    Biotech has been criticised for closing its $8bn acquisition of cancer test company Grail without regulatory approval

    Illumina’s global headquarters in San Diego, California
  • Thursday, 13 July, 2023
    Biotech
    Grail sued by three female ex-employees over ‘toxic work culture’

    Illumina-owned cancer testing group allegedly failed to deal with accusations of inappropriate behaviour and racism

    Illumina’s offices in San Diego, California
  • Wednesday, 12 July, 2023
    Illumina hit with record €432mn fine for ignoring EU concerns over Grail deal

    US gene sequencing company proceeded with acquisition of cancer test developer even as regulators were probing deal

    Illumina signage at the company’s headquarters
  • Tuesday, 4 July, 2023
    Illumina faces record fine over purchase of Grail without EU approval

    World’s biggest gene sequencing group closed deal with cancer screening start-up despite ongoing investigation

    The offices of gene sequencing company Illumina in San Diego,  California
  • Monday, 12 June, 2023
    LexMergers & Acquisitions
    Pharma: M&A strategy gets dose of bitter medicine Premium content

    Antitrust challenge may force big pharma groups to rethink ‘pure play’ business models

    Francis deSouza
  • Sunday, 11 June, 2023
    Francis deSouza resigns as Illumina boss after proxy battle with Carl Icahn

    Chief’s resignation follows chair’s departure from gene sequencing group

    Francis deSouza, CEO of Illumina
  • Thursday, 1 June, 2023
    Genomics
    ‘Primate AI algorithm’ predicts genetic health risks

    Scientists apply deep learning to expanded DNA database to help identify disease-causing mutations in humans

    Owl monkeys in Argentina
  • Saturday, 27 May, 2023
    Illumina accused by Brussels of ‘delay tactics’ on Grail divestiture

    World’s biggest gene sequencing company rejects EU’s fast- track application

    Margrethe Vestager speaks at EU headquarters
  • Thursday, 25 May, 2023
    Illumina chair ousted in proxy battle with Carl Icahn

    Vote to remove John Thompson is the culmination of one of the largest shareholder activism campaigns in years

    The Illumina headquarters in San Diego
  • Wednesday, 24 May, 2023
    Interview
    Illumina can survive loss of chair and CEO, says board director

    Gene sequencing company heads for pivotal vote in battle with activist investor Carl Icahn

    The Illumina offices in San Francisco
  • Wednesday, 10 May, 2023
    Glass Lewis backs Carl Icahn’s push to oust Illumina’s chief and chair

    Proxy adviser says the two executives failed to take responsibility for destructive deal for Grail

    An Illumina office in California
  • Tuesday, 4 April, 2023
    Illumina battle with regulators threatens cancer breakthrough, warn Grail alumni

    Founding directors say political wrangling causing delays to potentially life-saving blood test

    A person in a lab coat with the Grail logo conducts research
  • Monday, 3 April, 2023
    Mergers & Acquisitions
    US antitrust regulator orders Illumina to unwind $8bn Grail deal

    FTC warns acquisition would hurt competition in the market for early detection cancer tests

    A building on the campus at the headquarters of Illumina in San Diego
  • Thursday, 30 March, 2023
    Illumina chief’s pay nearly doubles ahead of clash with Carl Icahn

    Francis deSouza was awarded $26.7mn in total pay last year despite drop in genome sequencer’s market value

    Francis deSouza
  • Friday, 24 March, 2023
    Carl Icahn says Illumina directors demanded extra insurance for Grail deal

    Activist investor steps up battle over ‘disastrous’ acquisition by world’s biggest genome sequencer

    A researcher holds a flow cell used for Illumina Inc’s Novaset X gene sequencing system
  • Friday, 17 March, 2023
    InterviewCarl Icahn
    Carl Icahn urges Fed to keep fighting inflation ‘disease’

    Comments by activist investor come ahead of US central bank’s rate-setting meeting next week

    Carl Icahn
  • Monday, 13 March, 2023
    Carl Icahn takes aim at genome sequencer Illumina over Grail deal

    Company’s shares jump after activist investor launches proxy battle

    Carl Icahn
  • Tuesday, 7 February, 2023
    Health sector
    Illumina boosts spending on US lobbying amid opposition to Grail acquisition

    Genome sequencing company paid firms $14.6mn over past two years to try to sway lawmakers

    The offices of gene sequencing company Illumina in San Diego
  • Sunday, 29 January, 2023
    News in-depth
    Has Illumina taken the wrong path in its Grail quest?

    DNA sequencing expert’s investors question acquisition of cancer testing group that has also angered EU regulators

    Francis deSouza
  • Monday, 5 September, 2022
    Illumina to challenge Brussels over any block on Grail merger

    US biotech to object to impending EU ruling on $8bn deal for cancer screening group

    The headquarters of Illumina in San Diego, California
  • Thursday, 1 September, 2022
    Illumina wins battle against US regulators trying to block $8bn Grail deal

    Setback for FTC after administrative law judge gives nod to acquisition of cancer testing group

    A technician handles an Illumina flow cell Cartridge
  • Wednesday, 13 July, 2022
    EU business regulation
    EU court ruling expands Brussels’ powers to scrutinise tech mergers

    Ruling allows European probe of Illumina’s $8bn Grail takeover and sets precedent for deeper oversight of deals

    Competition chief Margrethe Vestager, pictured in January 2022
  • Sunday, 16 January, 2022
    Illumina says EU probe of $8bn Grail deal could hit biotech investment

    Chief executive deSouza attacks regulatory intervention over cancer test company

    A Grail scientist in a laboratory
  • Wednesday, 18 August, 2021
    Illumina pushes ahead with closing $8bn Grail merger in defiance of EU probe

    US biotech takes aggressive step over cancer-screening deal fearing Brussels review will not beat deadline

  • Wednesday, 14 July, 2021
    Brooke Masters
    Competition enforcement is harder than it looks

    Novel antitrust cases complicate efforts to tackle climate change and healthcare

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