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Home»Economy & Business»Anne Wojcicki regains management of 23andMe with $305M chapter bid
Economy & Business

Anne Wojcicki regains management of 23andMe with $305M chapter bid

AdminBy AdminJune 16, 2025No Comments4 Mins Read
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Anne Wojcicki regains control of 23andMe with $305M bankruptcy bid
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Rep. James Comer, R-Ky., on 23andMe information privateness considerations, his invitation for sanctuary governors to testify earlier than lawmakers and whether or not NPR and PBS ought to have funding stripped.

23andMe co-founder Anne Wojcicki is slated to regain management of her DNA-testing firm after a nonprofit she controls outbid rivals in a chapter public sale. 

TTAM Analysis Institute, a nonprofit public profit company primarily based in California and led by Wojcicki, gained the sale of considerably all of 23andMe Holding Co.’s property, together with the Private Genome Service (PGS) and Analysis Providers enterprise strains and the Lemonaid Well being enterprise, for $305 million, topping Regeneron Prescribed drugs’s bid of $256 million.

As soon as authorised by the courtroom, the definitive settlement with TTAM will nullify the beforehand introduced acquisition and underlying asset buy settlement with Regeneron, the DNA-testing firm introduced. 

23andMe founder Anne Wojcicki testifies throughout a Home Oversight Committee listening to on privateness considerations surrounding 23andMe’s chapter sale and safety of Individuals’ personal genetic information, on Capitol Hill on June 10, 2025, in Washington, D.C.  (TING SHEN/AFP by way of Getty Photographs / Getty Photographs)

23ANDME BANKRUPTCY: WILL YOUR PRIVATE DATA BE PROTECTED?

Wojcicki co-founded the corporate in 2006, three years after the primary human genome was sequenced, to assist folks study their ancestry. She sat on the helm up till the corporate filed for Chapter 11 chapter in March.

As a part of the chapter safety proceedings, the genetic testing firm sought a brand new proprietor. Wojcicki stepped down deliberately so she may very well be in a greater place to bid for possession in her former firm.  

“I’m supportive of the corporate and I intend to be a bidder. I’ve resigned as CEO of the corporate so I might be in the most effective place to pursue the corporate as an unbiased bidder,” Wojcicki posted on X as she resigned in March. 

Anne Wojcicki, chief government officer and co-founder of 23andMe Inc., speaks in the course of the 2020 Makers Convention in Los Angeles, California, U.S., on Tuesday, Feb. 11, 2020.  (Kyle Grillot/Bloomberg by way of Getty Photographs / Getty Photographs)

Regardless of the corporate falling out of business, Mark Jensen, chair of the board and member of the Particular Committee of the Board of Administrators of 23andMe, recommended Wojcicki, saying she is “effectively positioned to advance the corporate’s founding imaginative and prescient of serving to folks entry, perceive and achieve well being advantages by way of larger understanding of the human genome.” 

23ANDME FILES FOR BANKRUPTCY AS CALIFORNIA AG URGES CUSTOMERS TO DELETE DATA

23andMe will start its subsequent chapter as a nonprofit. TTAM additionally agreed to undertake further privateness safeguards to reinforce protections for buyer information and privateness as a part of its deal. 

Underneath the settlement, TTAM will honor 23andMe’s present insurance policies that enable people to delete their account and genetic information and opt-out of analysis. 

Moreover, all prospects will probably be emailed no less than two enterprise days earlier than the deal closes with particulars on TTAM’s position in addition to its dedication to privateness decisions. The emails may also embody directions on the best way to delete information or choose out of analysis. 

23andMe will start its subsequent chapter as a nonprofit. (Smith Assortment/Gado/Getty Photographs / Getty Photographs)

TTAM additionally agreed that if the corporate goes by way of chapter or modifications possession, it gained’t promote or share genetic information until the brand new proprietor is a U.S.-based group that follows the identical privateness guidelines and obeys all legal guidelines.

TTAM will set up a shopper privateness advisory board and can implement privateness procedures, notify prospects of fabric modifications, mitigate information breaches, and put together annual experiences to be made accessible to Attorneys Normal upon request.

Prospects may also be given two years of free Experian identification theft monitoring, in response to the phrases of the deal. 

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In the meantime, TTAM will nonetheless use 23andMe’s coverage of permitting de-identified information for use for scientific and biomedical analysis by analysis students at tutorial universities and different nonprofits. It should additionally refuse donations from people or firms in specified international locations.

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