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                                      author：hotspot   
                                        
                                      
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browse：199
                                  
                                    
          
                                    
            
          
 
          Grail
          Illumina said Monday afternoon that its board of directors had approved a spin-off of its cancer test subsidiary Grail, signaling that a nearly four-year-long, $8 billion saga will finally draw to a close this month.
          Shares in the newly independent Grail are expected to be distributed on June 24, Illumina said in a statement. Illumina will retain a 14.5% stake in the company, which will trade under the ticker $GRAL.
          advertisement
          It’s the second time Illumina has spun off Grail, which initially began as a unit within the DNA sequencing giant in 2015. Illumina turned it into an independent company the following year but then agreed to reacquire it for $8 billion in September 2020.
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          Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+.
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