Illumina pushed back against Carl Icahn's proxy fight over the Grail deal, saying it's committed to maximizing shareholder value as it works with regulators.
Illumina said it has challenged the European Commission, arguing the agency lacks jurisdiction to block the merger between the two U.S. companies. A final decision is expected in late 2023 or early 2024, the company noted. Illumina said winning a jurisdictional appeal would eliminate any potential fine and "gives the greatest optionality for Illumina to maximize value for shareholders.
last week where Icahn referred to Grail as Illumina's "best equipment." Illumina added that the billionaire investor acknowledged that he doesn't understand the regulatory process and has not offered ideas for a "rapid resolution" for Grail. "Icahn has no ability to accelerate the legal and regulatory processes and neither do his nominees," Illumina said.and found they "lacked relevant skills and experience." That includes Vincent Intrieri, the founder and CEO of VDA Capital Management who was previously employed by Icahn. It also includes General Counsel of Icahn Enterprises Jesse Lynn and Andrew Teno, a portfolio manager at Icahn Capital LP, an entity where Icahn manages investment funds.
Illumina touted Grail in its release, saying it has "tremendous long-term value creation potential." Grail claims to offer the only commercially availablet that can detect more than 50 types of cancers through a single blood draw, Illumina said. The test generated $55 million of revenue in 2022 and is slated to rake in up to $110 million this year, according to Illumina.
The U.K.'s National Health Service is researching the test in a study with 140,000 participants, Illumina added. If the study is successful, the agency expects to test one million people in the U.K. in 2024.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
My Holy Grail Smashbox Primer Is 50% Off Today Only: Here's Why You Need to Stock Up - E! OnlineThe Smashbox Photo Finish Smooth & Blur Oil-Free Foundation Primer keeps my makeup on all day long. I will never stop buying this product. Ever.
続きを読む »
Report: Nearly Half of 'Climate Change' Companies in U.S. Banked with Failed SVBHalf of the companies in the U.S. devoted to climate change and biotech banked with the now-failed Silicon Valley Bank (SVB).
続きを読む »
Alabama once again in nation’s top 10 for lake homes real estateSmith Lake has the state's largest home and land markets, the most listings, and the most home and land available. Lake Tuscaloosa has the most expensive homes.
続きを読む »
Willem Dafoe Would Return to the Spider-Verse AgainAfter a meaningful return to Marvel in Spider-Man: No Way Home, Dafoe isn't ruling out another Norman Osbourne appearance.
続きを読む »
Russia agrees to extend the Ukraine grain deal againBrokered by the United Nations and Turkey, the deal allows Ukraine to ship food and fertilizer through a humanitarian corridor from Black Sea ports. The duration of the extension remained uncertain.
続きを読む »
Never miss a call again even when your phone's in another roomConnecting your Apple or Android smartphone to your bluetooth speaker assures that you will not miss a call nor notification from that device.
続きを読む »