Published 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
Keywords: 23andme data dna genetic regeneron
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
Keywords: 23andme data genetic genetics regeneron
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: 2025-06-27 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
Keywords: 23andme company data people regeneron
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
Keywords: 23andme business data genetic regeneron
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
Keywords: 23andme company data firm regeneron
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
Keywords: 23andme company health privacy regeneron
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
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