BRUSSELS : Illumina has offered to cut prices and continue to allow rivals access to its technologies in a bid to allay EU antitrust concerns about its proposed takeover of cancer detection test maker Grail, a European Commission filing showed on Friday.
However, the European Commission has warned that the acquisition could curb innovation and competition. Regulatory scrutiny of such deals come amid concerns on both sides of the Atlantic that big companies may buy innovative start-ups to shut down the potential rivals.
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