. Illumina innovative sequencing and array technologies are fueling groundbreaking advancements in life science research, translational and consumer genomics, and molecular diagnostics. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. I confirm that I have read the terms of this website. Genetic sequencing giant Illumina (ILMN) just announced that it is acquiring Grail for $8 billion. Why Illumina Stock Is Sinking Today ... Illumina actually founded GRAIL in 2016 but later spun out the company as a stand-alone entity. ILMN | Complete Illumina Inc. stock news by MarketWatch. GRAIL stockholders excluding Illumina will receive approximately 9.9 million Illumina shares if the 20-trading-day volume weighted average price of Illumina stock as of 10 trading days prior to closing is above $399 and approximately 13.4 million Illumina shares if the 20-trading-day volume weighted average price of Illumina stock as of 10 trading days prior to closing is below $295. You can follow him on Twitter @TomiKilgore. Earlier this week, Exact Sciences agreed to buy Thrive, one of Grail’s competitors developing a cancer-detecting liquid biopsy sector, for $2.15 billion. “Over the last four years, GRAIL’s talented team has made exceptional progress in developing the technology and clinical data required to launch the GalleriTM multi-cancer screening test. We expect the transaction will be accretive to Illumina revenue starting in 2021, and to meaningfully accelerate revenue growth over time. ILMN stock was down 9.1% as of Monday afternoon. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Company’s financial condition, results of operations, credit rating or liquidity. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. View real-time stock prices and stock quotes for a full financial overview. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the consent solicitation statement/prospectus that is included in the Registration Statement. That’s more than double Grail’s last known valuation. Earlier this week Musk, electric-car maker Tesla Inc. undefined chief executive, tweeted that he'd donate $100 million toward "the best" carbon-capture technology. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Illumina’s financial condition, results of operations, credit rating or liquidity. Illumina currently holds 14.5% of GRAIL’s shares outstanding, and approximately 12% on a fully diluted basis. As we accelerate our path to clinical leadership and the path to multi-cancer early detection, we will continue to drive significant value creation for our stockholders.”, “Cancer is one of society’s most significant challenges, with most cancer being detected too late,” said Hans Bishop, Chief Executive Officer of GRAIL. At closing, Illumina said, it and other GRAIL shareholders will receive $3.5 billion in cash and $4.5 billion in shares of Illumina common stock, subject to a “collar” designed to ensure that GRAIL stockholders excluding Illumina receive Illumina … Complete your subscription receive future payments tied to certain GRAIL-related revenues San,! Platform and develop Galleri process, please contact us for further assistance customary closing conditions including! Galleri with future blood-based tests for cancer diagnosis, detection and post-treatment monitoring of cancer patients test that detect. 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