Tag Archives: 23andMe

Anne Wojcicki’s bid to buy 23andMe, the genetic testing company she co-founded nearly 20 years ago, has received the court green light. That means Wojcicki’s non-profit TTAM Research Institute will purchase “substantially all” of San Francisco-based 23andMe’s assets for $305 million US (about $416 million Cdn). The transaction — which arrives …

DNA testing company 23andMe didn’t have adequate data protections and ignored warning signs ahead of a massive data breach almost two years ago, an investigation by Canada’s privacy commissioner found. Commissioner Philippe Dufresne told reporters that proper protections were not in place in 2023 when hackers gained access to roughly …

Drugmaker Regeneron Pharmaceuticals will buy genetic testing firm 23andMe Holding for $256 million USD through a bankruptcy auction, the companies said on Monday. Regeneron said it will comply with 23andMe’s privacy policies and applicable laws with respect to the use of customer  data and that it is ready to detail its intended use of the …

23andMe on Sunday filed for bankruptcy in the U.S. after struggling with the fallout of a data breach and weak demand for its ancestry testing kits that featured in Oprah Winfrey’s annual list of favourite things just eight years ago. The biotech unicorn has seen a sharp fall in its …

23andMe is laying off 40 per cent of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to slash costs. The latest restructuring efforts were announced by 23andMe on Monday. The company said it plans to wind down ongoing clinical trials …