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Illumina Acquires Grail To Accelerate Patient Access To Life-Saving Multi-Cancer Early-Detection Test

Aug 19, 2021•over 4 years ago

Acquiring Company

Illumina

Acquired Company

Grail

Menlo ParkresearchresearchHealth CareBiotechnology

Description

Illumina, Inc. (NASDAQ: ILMN) announced today that it has acquired GRAIL, a healthcare company focused on life-saving early detection of multiple cancers, but will hold GRAIL as a separate company during the European Commission's ongoing regulatory review.

Company Information

Company

Illumina

Location

5200 Illumina Way

About

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as the global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit www.illumina.com and connect with us on Twitter, Facebook, LinkedIn, Instagram, and YouTube. Investors:Brian Blanchett858.291.6421 IR@illumina.com Media:Dr. Karen Birmingham646.355.2111 pr@illumina.com

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed