24.06.2024 22:44:42 - dpa-AFX: Illumina Completes Spin-off Of GRAIL
SAN DIEGO (dpa-AFX) - Illumina Inc. (ILMN) Monday announced the completion
of the spin-off of GRAIL.
The milestone follows the company's previously announced plans to divest GRAIL,
and GRAIL is now a public and independent company. GRAIL will begin regular way
trading on Nasdaq on Tuesday, June 25 under the ticker symbol 'GRAL.'
'With the completion of the spin-off of GRAIL, we have achieved our goal of
divesting GRAIL in a manner that allows its breakthrough technology to continue
benefiting patients,' said Jacob Thaysen, CEO of Illumina. 'Illumina will
maintain a minority share of 14.5% in the company. GRAIL plays a critical role
in the fight against cancer, and while the company is no longer part of
Illumina, we remain confident in its future and will continue to support GRAIL
with our sequencing technology, end-to-end workflows, and suite of services.'
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