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Illumina's Value Falls 80%: New Board Member to Revive Tech

3/29/2025

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Summary

Story summary

Illumina, Inc. has seen its value plummet from a staggering $70 billion to below $13 billion, grappling with post-pandemic hurdles like a botched acquisition of Grail and geopolitical issues. In a bid to steer the company towards a brighter future, Keith Meister from Corvex Management will join the board on March 28, focusing on innovative technology transitions.

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Story summary

Illumina, Inc. has seen its value plummet from a staggering $70 billion to below $13 billion, grappling with post-pandemic hurdles like a botched acquisition of Grail and geopolitical issues. In a bid to steer the company towards a brighter future, Keith Meister from Corvex Management will join the board on March 28, focusing on innovative technology transitions.