The news came less than two weeks after GRAIL filed for an IPO… Files for IPO Provided by Dow Jones. Grail, launched by Illumina Inc. (NASDAQ: ILMN) in 2015 and spun out with $1.9 billion in investments from Jeff Bezos, Bill Gates, ARCH Venture Partners, Johnson & Johnson (NYSE: JNJ) and … Grail was founded by Illumina, divested in 2015, and has since raised ~$1.9bn of private and is headed for IPO. Illumina-Backed Healthcare Company Grail Inc. After raising more than $2 billion, GRAIL recently filed papers planning an IPO to raise up to $100 million, but the acquisition guarantees them more immediate capital from a strategic backer. Illumina is Grail’s largest shareholder with a 14.6 percent stake, according to the filing. In its IPO filing, Grail stated it plans to launch Galleri in 2021 as a laboratory developed test. Genetic sequencing company Illumina is in talks to buy Grail for a price tag of more than $8 billion, according to a Bloomberg report. Shares of Illumina Inc. ILMN, +2.21% dropped 5.3% in premarket trading Monday, after the gene sequencing company confirmed a deal to buy Grail Inc. for $8 billion in cash and stock. Gene sequencing company Illumina Inc will pay $7.1 billion in cash and stock to buy cancer test startup Grail Inc, the Wall Street Journal reported on Monday, citing people familiar with the matter. This move precedes the company’s anticipated 2021 launch of a multi-cancer liquid biopsy screening test for use in asymptomatic individuals over the age of 50. Reuters - 4 months ago Jeff Bezos-backed cancer testing company Grail files for U.S. IPO Apart from … Grail spun out of Illumina in 2015 and has a long-term agreement that requires Grail to give a small percentage of its revenue, whenever it comes, to Illumina. Grail's backers include Illumina Inc., which currently holds a 14.6% stake, and Johnson & Johnson, which owns a 7.6% interest. (RTTNews) - Biotech company Illumina Inc. (ILMN) agreed to buy healthcare company GRAIL, Inc. in a cash and stock deal valued at $8 billion. Grail was spun out of gene sequencing company Illumina Inc in 2016, with investments from ARCH Venture Partners, Sutter Hill Ventures and Bezos Expeditions, the venture investment fund of Jeff Bezos. Grail, founded by gene sequencing company Illumina Inc. in 2016, has raised about $2 billion in funding from investors that include Bezos Expeditions, the venture investment fund of Jeff Bezos. The Illumina spinout expects to launch the product, Galleri, as a lab developed test (LDT) in 2021. The former Fierce 15 winner—spun out from Illumina and backed by … Excitement over Grail helped Illumina's shares rise on Monday, a day when the Nasdaq Biotech Index touched a 52-week low, though a small beat on … The companies reported a combined $2 billion+ in cash and cash equivalents: Illumina reported $1.77 billion as of June 28, while privately-held GRAIL reported cash and cash equivalents of $341.341 million as of June 30, more than double the $143.189 million reported as of December 31, 2019, according to its IPO prospectus. Illumina founded Grail four years ago and owns a large stake in the company. Shares of Illumina Inc. ILMN, +0.20% were down 0.2% in premarket trading on Tuesday, the day after the stock dropped 8.6% and it confirmed plans to buy cancer-detection company Grail … Grail was formed withing Illumina in 2015. Wednesday, an initial public offering registration was filed by Grail, Inc., which says it is close to launching a blood test that could help avert nearly 40% of the most deadly cancers. Interestingly enough, the move for an IPO comes about four years after Illumina announced it was spinning Grail off into a separate company. GRAIL is combining high-intensity sequencing, leading-edge computer science, and large population-scale clinical studies to develop a blood test for early-stage cancer detection. GRAIL aims to develop a blood test to detect cancer early before symptoms appear offering higher survival rates compared to late-stage diagnosis. U.S. based cancer testing company Grail, which was founded in 2016, has filed for an IPO.Amazon CEO Jeff Bezos is among Grail’s investors. Grail was founded by gene sequencing company Illumina Inc in 2016, with investments from ARCH Venture Partners, Sutter Hill Ventures and Bezos Expeditions, the venture investment fund of Jeff Bezos. Illumina (NASDAQ:ILMN) announced on Monday morning that it plans to acquire GRAIL for $8 billion. Dive Brief: Illumina has agreed to acquire Grail for $8 billion in a deal that could establish the sequencing giant as a leading player in the liquid biopsy market.. Grail spun out of Illumina in 2016 and, with the launch of its first product looming, filed an IPO earlier this month. Grail spun out of Illumina in 2015 and has a long-term agreement that requires Grail to give a small percentage of its revenue, whenever it comes, to Illumina. Grail, a spin out of genome sequencing firm Illumina, filed a preliminary prospectus for a $100 million initial public offering (IPO) last week with the U.S. Securities and Exchange Commission (SEC). The company set a placeholder amount of $100 million for the IPO… Grail, the $1.9 billion, Jeff Bezos-backed liquid biopsy startup, may not be going public after all. The IPO market was eagerly awaiting Grail’s scheduled initial public offering, ... because Illumina still had a 12% stake in Grail. Grail on Wednesday filed with the U.S. Securities and Exchange Commission to raise up to $100 million in an initial public offering ahead of the anticipated launch of its multi-cancer liquid biopsy screening test for use in asymptomatic individuals. Grail's backers include Illumina Inc., which currently holds a 14.6% stake, and Johnson & Johnson, which owns a 7.6% interest. This includes $3.5 billion in … A deal for the purchase of the cancer-detection startup could be announced as early as this week, according to the report. Illumina launched Grail in 2016 with a group of other investors aiming to develop and market a test to detect genetic evidence of cancer in the blood. Illumina launched Grail in 2016 with a group of other investors aiming to develop and market a test to detect genetic evidence of cancer in the blood. 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