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    CMA refers Illumina-Pacific Biosciences deal for in-depth investigation

    Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2019-07-01T09:00:16+05:30  |  Updated On 1 July 2019 9:00 AM IST
    CMA refers Illumina-Pacific Biosciences deal for in-depth investigation

    The Competition and Markets Authority (CMA) said it would refer the merger to a second phase investigation after the companies refused to address concerns the watchdog had raised last week.


    U.S: Britain's competition watchdog said on Thursday it would launch an in-depth investigation into the planned $1.2 billion mergers between gene sequencing company Illumina Inc and smaller rival Pacific Biosciences of California Inc.


    Also Read: Loxo, Illumina to partner for diagnostic tool targeting cancer


    The Competition and Markets Authority (CMA) said it would refer the merger to a second phase investigation after the companies refused to address concerns the watchdog had raised last week.


    The CMA's initial or first phase investigation had raised concerns about the deal's impact on the supply of specialist DNA sequencing systems in the UK.


    Also Read: Illumina wins 26.7 million dollars in patent fight with Roche unit Ariosa

    CMACompetition and Markets AuthorityDNAIlluminaIllumina IncinvestigationmergersPacific Biosciencespharmapharma newspharma news indiaSequencing SystemUK
    Source : Reuters

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    Medical Dialogues Bureau
    Medical Dialogues Bureau

      Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in. Check out more about our bureau/team here

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