23andMe sold to Big Pharma: Biotech firm Regeneron has...

avatar

Digital Wellness šŸ“±šŸ§˜

a healthier relationship with our tech

Tasia's profile picture on Select App
Ta

Tasia

Ā·last year
shared a link post in group #Digital Wellness šŸ“±šŸ§˜
23andMe sold to Big Pharma: Biotech firm Regeneron has agreed to purchase 23andMe out of bankruptcy for the low low price of just $256 million! Thatā€™s quite a tumble for the once white-hot DNA testing startup that was valued at $6 billion in 2021. It also raises a host of privacy concerns, as a Big Pharma company will take possession of the genetic samples and data of millions of former 23andMe customers. Theyā€™ve promised to abide by 23andMeā€™s safety and privacy policies butā€¦ that definitely leaves some wiggle room! #Biohackers Connect #Digital Wellness šŸ“±šŸ§˜ https://www.wsj.com/tech/..
Regeneron to Buy 23andMe Out of Bankruptcy for $256 Million
www.wsj.com

Regeneron to Buy 23andMe Out of Bankruptcy for $256 Million

The DNA testing company would sell for a fraction of its peak valuation of $6 billion to a biotech aiming to use its data troves for drug research.

Comment here to discuss with all recipients or tap a user's profile image to discuss privately.

Embed post to a webpage :
<div data-postid="axrxvez" [...] </div>
Powered bySelectĀ·iOSĀ·Android
Privacy|Terms|