23andMe To Be Sold in Bankruptcy
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Genetics company 23andMe is expected to be purchased by Regeneron Pharmaceuticals, according to announcements shared by both companies Both companies vowed that Regeneron is committed to comply with 23andMe's privacy policies,
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Daily Voice Somerset County, NJ on MSNWestchester-Based Regeneron Buying Bankrupt 23andMe For $256M, Pledges To Protect DNA DataRegeneron Pharmaceuticals will acquire embattled DNA testing company 23andMe in a $256 million court-supervised sale, promising to honor existing privacy protections and continue consumer services with no changes.
What happened to 23andMe? Here's a look at its history from launch to bankruptcy and acquisition by Regeneron.
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Lohud.com, Westchester County on MSNRegeneron to acquire 23andMe DNA testing firm. How that could impact your genetic dataRegeneron announced a plan to acquire genetic testing firm 23andMe through bankruptcy court, including access to personal genetic data. What to know
Regeneron is buying the assets of 23andMe, which filed for Chapter 11 bankruptcy in March after facing a series of hurdles including a data breach.
The DNA testing firm 23andMe says it has entered into an agreement to be acquired by Regeneron Pharmaceuticals for $256m (£192m). It comes two months after the company filed for bankruptcy protection in the US.
Regeneron said Monday it will “prioritize the privacy, security and ethical use” of the personal DNA data from about 15 million people in a $256 million deal to acquire assets of bankrupt 23andMe Holding Co.