FTC Seeks To Block Illumina's Proposed $7.1 Bln Acquisition Of Grail

The U.S. Federal Trade Commission or FTC has challenged Illumina Inc.'s proposed $7.1 billion acquisition of cancer detection test maker Grail, alleging that a merger would harm competition for life-saving Multi-Cancer Early Detection or MCED tests in the United States. In a statement, the FTC said it has filed an administrative complaint and authorized a federal court lawsuit to block the deal.

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