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Illumina Creeps Closer To Half-Billion-Dollar Fine

 
• By Barnaby Pickering

The sequencing giant could be pilloried in Europe and may have to pay a record-breaking fine.

Euros
• Source: Shutterstock

Illumina’s precarious acquisition of Grail could soon cost it dearly, with the Financial Timesreporting that it may be confronted with an enormous fine as early as next week in response to its decision to flout European regulators’ warnings.

Ignoring the European Commission on contested mergers and acquisition activities can cost a company up to 10% of its last-recorded revenue figures. For Illumina, which earned $4

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