DNA testing service 23andMe filed for bankruptcy protection in March, sparking concerns about what could happen to the genetic data of the company’s 15 million customers. Pharmaceutical giant Regeneron announced in May that it was buying the genetic testing company for $256 million following a bankruptcy auction. While the company has said it will maintain 23andMe’s […]
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Beleaguered genetic testing company 23andMe announced Friday that it has reached an agreement to sell itself to a nonprofit led by the company’s co-founder and former CEO Anne Wojcicki. Following a massive cyberattack in 2023 and a related lawsuit settlement, 23andMe filed for bankruptcy in March, with Wojcicki resigning in order to become an independent
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DNA testing service 23andMe filed for bankruptcy protection in March, sparking concerns about what could happen to the genetic data of the company’s 15 million customers. Pharmaceutical giant Regeneron announced in May that it was buying the genetic testing company for $256 million following a bankruptcy auction. While the company has said it will maintain 23andMe’s
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23andMe’s interim chief executive Joseph Selsavage told lawmakers on Tuesday that 1.9 million people, or about 15% of its customer base, have requested their genetic data be deleted from the company’s servers since it filed for bankruptcy protection in March. Selsavage was speaking at a House Oversight Committee hearing, during which lawmakers scrutinized the company’s
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OpenAI just made its biggest acquisition yet, scooping up Jony Ive and Sam Altman’s secretive device startup, io, in a $6.5 billion all-equity deal. Ive, the legendary designer behind the iPhone and other iconic Apple products, will now lead creative and design work at OpenAI through his firm LoveFrom. The goal? To take AI “beyond
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As the recent $256M acquisition of 23andMe shows, yes, your DNA can be bought and sold. What private companies can do with biometric data may surprise you, and we’ve only seen the tip of the iceberg so far. Source
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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
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23andMe has filed for Chapter 11 bankruptcy protection in the U.S., which means your genetic data is for sale, and you only have until July 14 to file a claim. This filing will initiate the sale of all of 23andMe’s assets — including customer data. So what does this mean for you? After filing for bankruptcy
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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
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DNA testing service 23andMe filed for bankruptcy protection on March 16, sparking concerns about what could happen to the genetic data of the company’s 15 million customers. 23andMe has said that “data privacy will be an important consideration in any potential transaction.” However, security experts and lawmakers have cautioned customers to take action to protect
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