Illumina to pay $8 billion for Jeff Bezos-backed cancer testing firm Grail

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Gene sequencing company Illumina Inc will pay $8 billion in cash and stock to buy cancer screening startup Grail Inc, the companies said on Monday.

FILE PHOTO: A new office building housing genetic research company Illumina is shown in San Diego, California, U.S., May 30, 2018. REUTERS/Mike Blakewill pay $8 billion in cash and stock to buy cancer screening startup Grail Inc, the companies said on Monday.

Grail plans to follow Galleri with future blood-based tests for cancer diagnosis, detection and post-treatment monitoring of cancer patients, the companies said.

 

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