Agency Of Income
  • World News
  • Stocks
  • Business
  • Politics

Agency Of Income

  • World News
  • Stocks
  • Business
  • Politics
Business

Anne Wojcicki to buy back 23andMe and its data for $305 million

by admin June 16, 2025
June 16, 2025
Anne Wojcicki to buy back 23andMe and its data for $305 million

Anne Wojcicki, the co-founder and former CEO of 23andMe, has regained control over the embattled genetic testing company after her new nonprofit, TTAM Research Institute, outbid Regeneron Pharmaceuticals, the company announced Friday.

TTAM will acquire substantially all of 23andMe’s assets for $305 million, including its Personal Genome Service and Research Services business lines as well as telehealth subsidiary Lemonaid Health. It’s a big win for Wojcicki, who stepped down from her role as CEO when 23andMe filed for Chapter 11 bankruptcy protection in March.

Last month, Regeneron announced it would purchase most of 23andMe’s assets for $256 million after it came out on top during a bankruptcy auction. But Wojcicki submitted a separate $305 million bid through TTAM and pushed to reopen the auction. TTAM is an acronym for the first letters of 23andMe, according to The Wall Street Journal.

“I am thrilled that TTAM Research Institute will be able to continue the mission of 23andMe to help people access, understand and benefit from the human genome,” Wojcicki said in a statement.

23andMe gained popularity because of its at-home DNA testing kits that gave customers insight into their family histories and genetic profiles. The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company. At its peak, 23andMe was valued at around $6 billion.

The company struggled to generate recurring revenue and stand up viable research and therapeutics businesses after going public, and it has been plagued by privacy concerns since hackers accessed the information of nearly seven million customers in 2023.

TTAM’s acquisition is still subject to approval by the U.S. Bankruptcy Court for the Eastern District of Missouri.

This post appeared first on NBC NEWS

previous post
Trump made millions on guitars, Bibles and watches with his name on them, disclosure reveals
next post
The Best Five Sectors, #23

Related Posts

Walmart to pay $10 million to settle lawsuit...

June 23, 2025

Peloton launching resale market for used bikes, treadmills

June 4, 2025

Microsoft’s Satya Nadella says job cuts have been...

July 25, 2025

Byron Allen puts broadcast TV stations up for...

June 3, 2025

Apple reveals complex system of App Store fees...

June 30, 2025

Columbia Sportswear sues Columbia University, alleging trademark infringement

August 4, 2025

Jerome Powell asks inspector general to review Fed’s...

July 15, 2025

Things are getting better at Boeing under CEO...

July 29, 2025

Crop tour projects record 2025 U.S. corn harvest,...

August 23, 2025

Rhode Island’s ‘Taylor Swift Tax’ on vacation homes...

September 2, 2025

    Get free access to all of the retirement secrets and income strategies from our experts!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Senate Democrats defy White House warnings, again block GOP bid to reopen government

    • Greta Thunberg slammed for using image of starved Israeli hostage to show Palestinians suffering in Gaza

    • Screaming match erupts between Hakeem Jeffries, Mike Lawler as government shutdown chaos continues

    • Trump teases trip to the Middle East as Gaza peace deal talks continue

    • Tense confrontation between House speaker, Senate Dems caught on camera over shutdown

    • House committee withdraws James Comey subpoena for Jeffrey Epstein testimony

    Categories

    • Business (164)
    • Politics (20)
    • Stocks (112)
    • World News (611)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: AgencyOfIncome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 agencyofincome.com | All Rights Reserved