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Federal Trade Commission Challenges Illumina’s Proposed Acquisition of Pacific Biosciences

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The Federal Trade Commission is challenging Illumina’s proposed acquisition of Pacific Biosciences of California, a $1.2 billion deal in the life-sciences industry

WASHINGTON—The Federal Trade Commission on Tuesday challenged Illumina Inc.’s. proposed acquisition of Pacific Biosciences of California, a $1.2 billion deal in the life-sciences industry.

The FTC is bringing an administrative lawsuit alleging the biotech acquisition would allow Illumina to unlawfully maintain a monopoly in next-generation DNA sequencing by eliminating PacBio as a nascent competitor.

 

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