Published on: 2025-06-12 15:05:36
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024. The drugmaker came out on top following a bankruptcy auction for 23andMe, a once high-flying genetic testing company that filed for Chapter 11 bankruptcy protection in March. The move comes after Regeneron Pharmaceuticals said earlier this month that it will acquire " substantially all " of 23andMe's assets for $256 million. 23andMe on Tuesday announced it will voluntarily delist from the Nasdaq a
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Find related items on AmazonPublished on: 2025-06-26 08:17:34
Image by Getty / Futurism Genetics Your DNA results are in — and they're 100 percent the property of a pharmaceutical manufacturer. American biotech company Regeneron Pharmaceuticals announced today that it's buying 23andMe, the bankrupt consumer-genomics company that sold take-home DNA kits. Regeneron is to pay $256 million in cash to acquire "substantially all" of 23andMe's assets, including its massive biobank of around 15 million customer genetic samples and data. Put simply, the genetic
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Find related items on AmazonPublished on: 2025-06-26 09:24:42
Biotechnology company Regeneron will acquire 23andMe out of bankruptcy for $256 million, with a plan to keep the DNA-testing company running without interruption and uphold its privacy protection promises. In its announcement of the acquisition, Regeneron assured 23andMe's 15 million customers that their data—including genetic and health information, genealogy, and other sensitive personal information—would be safe and in good hands. Regeneron aims to use the large trove of genetic data to furt
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Find related items on AmazonPublished on: 2025-06-26 17:20:00
Following a data breach and bankruptcy, genetic testing service 23andMe will soon be in different hands. On Monday, biotechnology company Regeneron announced that it won the top bid in a bankruptcy auction for 23andMe. In the $256 million acquisition expected to close in the third quarter of 2025, 23andMe will become a subsidiary of Regeneron but continue its current operations and business. Also: 8 simple ways to teach your friends and family about cybersecurity - before it's too late The dea
Keywords: 23andme company customer data regeneron
Find related items on AmazonPublished on: 2025-06-26 13:27:22
Bankrupt genetic-testing firm 23andMe agreed to sell its data bank, which once contained DNA samples from about 15 million people, to the drug developer Regeneron Pharmaceuticals for $256 million. The sale comes after a wave of customers and government officials demanded that 23andMe protect the genetic data it had built up over the years by collecting saliva samples from customers. Regeneron pledged to comply with 23andMe’s privacy policy, which allows customers to have their personal informat
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Find related items on AmazonPublished on: 2025-06-27 01:40:03
It has been nearly two months since 23andMe declared bankruptcy and the company has officially been sold. The US biotech company Regeneron has agreed to buy 23andMe and all of its assets for $256 million (even though it was valued at $50 million in March). This purchase marks the end of former 23andMe CEO Anne Wojcicki's bid to buy the company, which included resigning in order to make an independent offer. According to Mark Jensen, Chair and member of the Special Committee of the Board of Dire
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Find related items on AmazonPublished on: 2025-06-27 01:11:24
Genetic testing company 23andMe isn’t going away, despite declaring bankruptcy. The company and nearly all of its assets, including its biobank of customer genetic samples, have been purchased by American biotechnology company Regeneron Pharmaceuticals for a cool $256 million, the highest bid submitted in the once-hot startup’s bankruptcy auction. The purchase, announced Monday, will place 23andMe’s brand as well as its Personal Genome Service (PGS), Total Health, and Research Services under th
Keywords: 23andme company data people regeneron
Find related items on AmazonPublished on: 2025-06-27 09:38:02
23andMe will keep offering customers its DNA testing services after being bought out of bankruptcy. New York-based biotech company Regeneron Pharmaceuticals announced an agreement on Monday to purchase the 23andMe startup for $256 million, alongside its Total Health and Research Services business and biobank of customer data and genetic samples. Regeneron is the winner of 23andMe’s bankruptcy auction, which required all bidders to comply with applicable laws and the firm’s privacy policies arou
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Find related items on AmazonPublished on: 2025-06-27 14:11:23
Struggling DNA testing firm 23andMe to be bought for $256m 7 minutes ago Share Save Lily Jamali • @lilyjamali North America Technology Correspondent Reporting from San Francisco, CA Share Save Reuters 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. 23andMe said Regeneron had committed to comply with its privacy policies as part of t
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Find related items on AmazonPublished on: 2025-06-27 13:47:16
Regeneron Pharmaceuticals on Monday announced it will acquire "substantially all" of 23andMe's assets for $256 million. The drugmaker participated in a bankruptcy auction for 23andMe, a once high-flying genetic testing company that filed for for Chapter 11 bankruptcy protection in March. Regeneron is buying 23andMe's Personal Genome Service, Total Health and Research Services business lines, according to a release. "We believe we can help 23andMe deliver and build upon its mission to help peop
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Find related items on AmazonPublished on: 2025-06-27 13:35:59
Pharmaceutical maker Regeneron announced Monday it will buy genetic testing company 23andMe for $256 million following a bankruptcy auction. Regeneron said it will acquire 23andMe’s genomics service and its bank of 15 million customers’ personal and genetic data as part of the deal. The pharma giant said it plans to use the 23andMe customer data to help drug discovery, and that it will “prioritize the privacy, security, and ethical use of 23andMe’s customer data.” 23andMe filed for bankruptcy
Keywords: 23andme bankruptcy company data regeneron
Find related items on AmazonPublished on: 2025-07-08 23:01:39
23andMe, the genetic testing giant once valued in the billions, is now navigating Chapter 11 bankruptcy and notifying millions of current and former customers that they may be eligible to file claims as part of the restructuring process. The company and 11 of its subsidiaries, including Lemonaid Health and LPRXOne, filed for bankruptcy protection on March 23 of this year in the Eastern District of Missouri. Customers were alerted Sunday that they have until July 14 to file claims for losses incu
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Find related items on AmazonPublished on: 2025-08-12 00:56:54
In Brief 3The leaders of the House Committee on Energy and Commerce said they are investigating how 23andMe’s bankruptcy might affect customers’ data. Representatives Brett Guthrie, Gus Bilirakis, and Gary Palmer (all Republicans) sent a letter Thursday to the genetic testing company’s interim CEO Joe Selsavage asking a number of questions about how 23andMe will handle customer data if the company is sold. The letter also says that some customers have reported problems deleting their data fro
Keywords: 23andme company customer data information
Find related items on AmazonPublished on: 2025-08-12 05:00:01
Republican lawmakers associated with the House Committee on Energy and Commerce are probing the 23andMe bankruptcy out of concern for Americans’ DNA information. The troubled genomics company has been in a downward spiral ever since it suffered an unfortunate data breach in 2023. The company has since endured a maelstrom of conflict and controversy, including layoffs, litigation, and a plummeting financial valuation. In March, it filed for Chapter 11 bankruptcy and has been looking for a buyer
Keywords: 23andme company data information privacy
Find related items on AmazonPublished on: 2025-09-03 13:35:40
As soon as the genetic testing company 23andMe filed for bankruptcy on March 23, 2025, concerns about what would happen to the personal information contained in its massive genetic and health information database were swift and widespread. A few days after, a U.S. judge ruled that the company could sell its consumer data as part of the bankruptcy. The attorneys general of several states warned their citizens to delete their genetic data. California urged its citizens to request that 23andMe del
Keywords: 23andme company data genetic information
Find related items on AmazonPublished on: 2025-09-05 01:00:00
At-home DNA kits allow anyone to learn more about their heritage, family history and even medical predispositions. Based on our research and testing, we’ve found that Ancestry is the best DNA kit you can get. To learn more about DNA kits, we outlined the pros, cons and factors to consider. Editors' note: This article previously compared 23andMe and Ancestry. However, 23andMe has experienced a data breach, subsequent lawsuit, board members' resignations and layoffs amidst financial struggles and
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Find related items on AmazonPublished on: 2025-09-09 01:09:06
The openSNP project, a platform for sharing genetic and phenotypic data, will shut down on April 30, 2025, and delete all user submissions over privacy concerns and the risk of misuse by authoritarian governments. The decision was announced earlier this week by co-founder Bastian Greshake Tzovaras, who expressed concerns about how personal genomics data is subject to abuse today and how fundamentally the landscape has changed over the last 14 years. OpenSNP is a free and open-source platform w
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Find related items on AmazonPublished on: 2025-09-12 01:40:30
Federal Trade Commission Chairman Andrew Ferguson said he's keeping an eye on 23andMe's bankruptcy proceeding and the company's planned sale because of privacy concerns related to genetic testing data. 23andMe and its future owner must uphold the company's privacy promises, Ferguson said in a letter sent yesterday to representatives of the US Trustee Program, a Justice Department division that oversees administration of bankruptcy proceedings. "As Chairman of the Federal Trade Commission, I wri
Keywords: 23andme bankruptcy company data information
Find related items on AmazonPublished on: 2025-09-08 12:00:00
Bankruptcy proceedings involving personal data don’t have to end badly. In 2000, the Federal Trade Commission settled with the bankrupt retailer ToySmart to ensure that its customer data could not be sold as a stand-alone asset, and that customers would have to affirmatively consent to unexpected new uses of their data. And in 2015, the FTC intervened in the bankruptcy of RadioShack to ensure that it would keep its promises never to sell the personal data of its customers. (RadioShack eventually
Keywords: 23andme bankruptcy data genetic users
Find related items on AmazonPublished on: 2025-09-12 17:00:22
An open-source genetic information repository that has subsisted on crowdsourced contributions will shut down next month, partially to protect its user base from the threat of rising authoritarianism, its founder has announced. OpenSNP was originally launched 14 years ago and was designed to allow web users to publish the results of their consumer DNA tests (of the kind you might get from 23andMe). Users can post their own genetic information from commercial consumer tests, and the information
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Find related items on AmazonPublished on: 2025-09-13 07:35:46
Image by Getty / Futurism Genetics The DNA data from around 15 million people around the world is going on sale. As Nature reports, consumer-genomics company 23andMe has filed for bankruptcy — and legal permission to auction off all of that data. To some, it's an enormous risk to consumer privacy, but to some scientists, it's a major opportunity for research. "As far as I know, this is the most amount of genetic data that is potentially changing hands," University of Iowa bioethicist Anya Pri
Keywords: 23andme company customers data nature
Find related items on AmazonPublished on: 2025-09-13 17:39:06
DNA testing has become a valuable tool for hobbyists and novice genealogists. For some, learning they are the 10th cousin of Paul Revere or the 15th great nephew four times removed of the last King of Prussia is worth the perceived risk of sharing a DNA sample. But what happens when the company harvesting the DNA goes bankrupt? That was the question posed to millions of Americans last week when 23andMe, the company that popularized consumer genetic testing and had early backing from Google, fil
Keywords: 23andme company data dna genetic
Find related items on AmazonPublished on: 2025-09-17 05:15:04
This week, we learned that even government officials are addicted to their group chats — except with the Trump administration those chats include war plans and potentially classified information. In this episode, we dive into the sheer recklessness and stupidity of Signalgate. And speaking of reckless, we also discuss 23andMe's bankruptcy and the privacy concerns around selling off customer DNA data. Listen below or subscribe on your podcast app of choice. If you've got suggestions or topics yo
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Find related items on AmazonPublished on: 2025-09-20 09:24:09
23andMe co-founder Linda Avey took to social media on Wednesday to express frustration about the fate of the once-thriving genetics testing company that spiraled into Chapter 11 bankruptcy protection this week. Avey helped launch 23andMe in 2006 alongside Paul Cusenza and Anne Wojcicki, who resigned as CEO on Friday. The company went mainstream thanks to its popular at-home DNA testing kits, but struggled in recent years to generate recurring revenue, stand up viable therapeutics and research b
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Find related items on AmazonPublished on: 2025-09-20 12:41:20
This week, the genetic testing company 23andMe filed for bankruptcy, which means the genetic data the company collected on millions of users is now up for sale. If you do not want your data included in any potential sale, it’s a good time to ask the company to delete it. When the company first announced it was considering a sale, we highlighted many of the potential issues, including selling that data to companies with poor security practices or direct links to law enforcement. With this bank
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Find related items on AmazonPublished on: 2025-09-20 19:16:00
23andMe made a name for itself by selling at-home, mail-in DNA testing kits that gave ordinary people a look at their possible ancestry as well as genetic markers that could point to potential medical problems down the road. People bought into the idea and bought the kits. The company made a lot of money, and its value reached as high as $6 billion when it went public in 2021. But eventually demand faded and so did 23andMe's profits. Its value had dropped to about $50 million last week. The com
Keywords: 23andme company data privacy said
Find related items on AmazonPublished on: 2025-09-21 05:42:57
23andMe users struggle to delete their highly sensitive data 16 minutes ago Share Save Lily Jamali • @lilyjamali North America Technology Correspondent Reporting from San Francisco Share Save EPA Signage outside of the offices of the biotechnology company 23andMe in South San Francisco. Photo by GEORGE NIKITIN/EPA-EFE/REX/Shutterstock The computer systems of 23andMe have been struggling to cope with the sheer volume of customers racing to delete their data, after the DNA-testing company annou
Keywords: 23andme company data information said
Find related items on AmazonPublished on: 2025-09-22 07:21:22
California-based genetic testing provider 23andMe has filed for Chapter 11 bankruptcy and plans to sell its assets following years of financial struggles. 23andMe has been providing direct-to-consumer DNA testing services since November 2007 to customers who send a saliva sample and receive a report on their ancestry and genetic predispositions. Since then, 23andMe has sold over 15 million DNA testing kits. The company said in a Sunday press release that it will not change how it stores, mana
Keywords: 23andme company customers data genetic
Find related items on AmazonPublished on: 2025-09-23 10:01:00
23andMe, the company whose mail-in self-testing kits became synonymous with DNA testing, is filing for bankruptcy amid slowing sales four years after it went public. Anne Wojcicki, who co-founded 23andMe in 2006, is stepping down as CEO as the company tries to find a buyer. In January, 23andMe said it was exploring options for a sale amid slowing demand for its product and the fallout of a major data breach in 2023. In 2024, the company agreed to a financial settlement for the breach, which aff
Keywords: 23andme company data dna said
Find related items on AmazonPublished on: 2025-09-24 09:09:04
Things aren’t looking good for 23andMe. The consumer DNA testing company recently parted ways with all its board members but CEO Anne Wojcicki over her plans to take the company private. It’s also still dealing with the fallout of a major security breach last October, which saw hackers access the personal data of around 5.5 million customers. 23andMe’s business is built on taking saliva samples from its customers. The DNA from those samples is processed and analyzed in its labs to produce perso
Keywords: 23andme company customers data privacy
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