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Prognosis

Illumina Says Grail Deal Won’t Hold Back New Cancer Tests

  • US antitrust watchdog counters that deal stifles competition
  • Purchase lets Illumina ‘pick winners and losers’: FTC lawyer
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Illumina Inc.’s lawyers said that its takeover of cancer detection upstart Grail Inc. would not hamper competition in the nascent field of early-stage testing, as the gene sequencing giant sought to overcome a US antitrust challenge.

In closing trial arguments Wednesday in a suit brought by the Federal Trade Commission, government attorneys said the acquisition threatens to slow progress toward earlier cancer diagnosis, as Grail’s rivals also rely on Illumina’s sequencing services.