Biotech Values

[Biowatch]

UK concerned ILMN acquisition of PACB anticompetitive

https://www.thestreet.com/investing/stocks/pacific-bio-shares-fall-on-uk-antitrust-concern-about-illumina-deal-14994907

By Robert Daniel
June 18, 2019

Shares of Pacific Biosciences of California Inc. ( (PACB - Get Report) ) were lower after the U.K. antitrust authority expressed concern that the company's plan to be acquired by Illumina Inc. ( (ILMN - Get Report) ) could hurt competition...

...Pacific Biosciences "recently released a new, innovative system for DNA sequencing ... which means that it is well-positioned to offer stronger competition to Illumina," the agency said in a statement.

https://www.gov.uk/government/news/illumina-s-takeover-of-pacbio-raises-competition-concerns