"With this transaction, Illumina would have an incentive to cut off GRAIL's rivals from accessing its technology, or otherwise disadvantage them," Margrethe Vestager, the European Union's commissioner for competition, said in a statement. "It is vital to preserve competition between early cancer detection test developers at this critical stage of development."
European Commission Executive Vice-President and Commissioner for A Europe Fit for the Digital Age, Margrethe Vestager, gives a joint press conference with the European commissioner for Internal Market on the Data Act at the EU headquarters in Brusse Illumina has maintained its GRAIL deal would not hurt competition and would promote innovation in the market.
"We are disappointed with the European Commission's decision prohibiting us from acquiring GRAIL back to Illumina," the company's general counsel, Charles Dadswell, said in a statement. "Illumina can make GRAIL's life-saving multi-cancer early detection test more available, more affordable, and more access – saving lives and lowering healthcare costs."
Illumina announced in 2020 it would acquire its former subsidiary. The company completed its purchase of GRAIL about a year later in 2021 amid the European Commission's probe and a challenge from the U.S. Federal Trade Commission.
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