Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Illumina Making an $8 Billion Blunder?

TheMotleyFool

0 0

Is Illumina Making an $8 Billion Blunder?

You can now scratch one of the most highly anticipated healthcare IPOs off the list. It's not happening.

Illumina (NASDAQ: ILMN) announced on Monday morning that it plans to acquire GRAIL for $8 billion. The news came less than two weeks after GRAIL filed for an IPO. The deal confirmed reports that surfaced last week about Illumina's interest in buying the cancer diagnostics start-up.

But many investors aren't fans of this acquisition. Is Illumina making an $8 billion blunder?

Source Fool.com

Like: 0

ILMN

Share