Is Illumina's $8 Billion Merger with Grail Putting Cancer Patients at Risk? The EU Thinks So

This video is about one of the most controversial merger of this decade. The merger between DNA-sequencing company Illumina and biotech company Grail. In this video, we discuss the controversial merger between Illumina and Grail, two biotech companies with significant influence in the world of DNA sequencing and cancer detection. With Grail's pioneering product Gallery, a groundbreaking cancer detecting blood test, at the heart of the deal, regulators around the world are raising serious concerns about the potential loss of competition. We dive into the EU merger control law, which sets out certain turnover-based thresholds that may allow significant mergers to slip through without scrutiny. Join us as we explore the implications of this merger and the potential regulatory gap in EU merger control.

★☆★ If this video helped you please leave a LIKE, write a comment on this video, and Share it with your friends. Subscribe to The Market Exit on YouTube and click the 🔔 icon to receive notifications for more videos.

If you like my videos, you can help me make more (and get exclusive content) by becoming a Patreon at https://www.patreon.com/themarketexit

In this video:
00:00 Introduction
00:40 Who are Illumina and Grail?
01:40 What Governments think about the merger?
02:10 What does the EU merger law say?
07:15 Why Illumina Ignored the EU
07:55 Important Questions
09:58 Thank You

🔔 Subscribe to the channel to watch more eye opening videos! https://www.youtube.com/@TheMarketExit?sub_confirmation=1

=================================

Who am I?

I’m Andres Acevedo, a lawyer who make short documentaries about law, economics and fairness for my own channel, The Market Exit. You can help me make videos for The Market Exit by becoming a Patreon. Or, if you live in Sweden, you can Swish me a donation on 123-333 34 65.

- How you can SUPPORT me -
🙏 Patreon: https://www.patreon.com/themarketexit
💫 Swish (swe only): 123-333 34 65

- Where you can FIND me -
📱 Instagram: https://www.instagram.com/themarketexit
👨 Facebook: https://www.facebook.com/themarketexit
🌐 My personal webpage: https://andresacevedo.com
🌐 My channel webpage: https://themarketexit.com
👔 LinkedIn: https://linkedin.com/in/andresace
🐥 Twitter: https://twitter.com/themarketexit
🐥 Twitter: https://twitter.com/andresswe
💌 Email: hello@andresacevedo.com
________________

★★★ You might also be interested in:
▶ https://www.youtube.com/watch?v=Rini1HvXrdY
▶ https://www.youtube.com/watch?v=a4b57N5ZsUA
▶ https://www.youtube.com/watch?v=7jry1hfAC8k
▶ https://www.youtube.com/watch?v=J42D_Oz6Jz4

#europe #laws #antitrust

Thanks for watching the video: Is Illumina's $8 Billion Merger with Grail Putting Cancer Patients at Risk? The EU Thinks So
*****Notes and Sources*****

Anne Wojcicki gets parking tickets - https://www.thetimes.co.uk/article/dollar30bn-google-wife-i-hate-to-spend-money-67npg207rpl

Important supplier to 23andme - https://www.cnbc.com/2020/02/07/how-dna-testing-companies-like-ancestry-and-23andme-can-survive.html

Illumina is like the ruler of this whole universe and no one know that - https://www.fastcompany.com/3058032/meet-the-new-ceo-of-the-22-billion-genomics-company-youve-never-heard-of

Illumina announced - https://investor.illumina.com/news/press-release-details/2020/Illumina-to-Acquire-GRAIL-to-Launch-New-Era-of-Cancer-Detection/default.aspx

Not launched until this summer - https://grail.com/press-releases/grail-confirms-q2-2021-introduction-of-galleri-first-of-kind-multi-cancer-early-detection-blood-test/

FTC has sued - https://www.ftc.gov/news-events/press-releases/2021/03/ftc-challenges-illuminas-proposed-acquisition-cancer-detection

Equivalent of pursuing one single COVID-19 vaccine – https://globalcompetitionreview.com/gcr-usa/federal-trade-commission/ftc-illuminagrail-the-equivalent-of-pursuing-single-covid-19-vaccine

The EU merger control regime - https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32004R0139&from=EN

Regulatory gap - https://lup.lub.lu.se/luur/download?func=downloadFile&recordOId=8944244&fileOId=8944245

Illumina decided to disregard the standstill - https://www.ft.com/content/df9bf7bc-e839-420f-9905-fdfadfeb6bd1

In a speech last year - https://ec.europa.eu/commission/commissioners/2019-2024/vestager/announcements/future-eu-merger-control_en

The Commission jumped the gun and pulled the article 22 trigger - https://ec.europa.eu/commission/presscorner/detail/en/MEX_21_1846

Opened an in-depth investigation - https://ec.europa.eu/commission/presscorner/detail/en/IP_21_3844

Issued a statement and opened an investigation into "gun jumping" - https://ec.europa.eu/commission/presscorner/detail/en/ip_21_4322

*****Other*****

Music from Storyblocks
Photo of Anne Wojcicki from TechCrunch
Photo of parking ticket - Caspar Rae/Unsplash
Photo of Jeff Bezos - Daniel Oberhaus/Flickr
Photo of Bill Gates - Steve Jurvetson/Flickr
Photo of Mark Zuckerberg - Anthony Quintano/Flickr

Видео Is Illumina's $8 Billion Merger with Grail Putting Cancer Patients at Risk? The EU Thinks So канала The Market Exit