Illumina to give up Grail as competition appeals fail

Sequencing giant Illumina is set to sell off Grail, as directed by both the US and EU competition authorities. Illumina’s appeal against the US Federal Trade Commission’s decisions regarding the merger were denied, and so the company has accepted that it must relinquish control of Grail. The cancer detection firm will either be sold off (if a suitable buyer is found) or floated separately on the stock market.