23andMe declares Bankruptcy

[ktk8]

Anyone else get an email from 23andMe full of legal jargon? It went to spam and might have been a scam but it did not look like the usual scam material.

Yes, I had one of these too, also went to my spam folder. I thought it looked like it might be legitimate.

[Glen in Tinsel Kni]

I  believe today that it's been reported that 23andMe has been sold at auction for $256,000,000, to pharmaceutical company Regeneron who will use the company's uploaded genome information for 'drug discovery'.

As it's been predicted for months this would be the likely outcome I doubt many will find it a real surprise.

[melba_schmelba]

I  believe today that it's been reported that 23andMe has been sold at auction for $256,000,000, to pharmaceutical company Regeneron who will use the company's uploaded genome information for 'drug discovery'.

As it's been predicted for months this would be the likely outcome I doubt many will find it a real surprise.

Thanks
https://www.massdevice.com/regeneron-to-acquire-23andme-for-256m-plans-to-continue-consumer-genetics-services/

Regeneron to acquire 23andMe for $256M, plans to continue consumer genetics services

"Regeneron said it plans to maintain 23andMe’s consumer genome services without interruption."

"“We have deep experience with large-scale data management, having worked with collaborators around the world to link deidentified DNA sequences from nearly three million consented participants to electronic health records, safely and securely enabling future medical advances,” Regeneron President and Chief Scientific Officer George Yancopoulos said in a news release. “We believe we can help 23andMe deliver and build upon its mission to help those interested in learning about their own DNA and how to improve their personal health, while furthering Regeneron’s efforts to use large-scale genetics research to improve the way society treats and prevents illness overall.”"

[KGarrad]

23and me fined £2.31m by UK watchdog.

https://www.bbc.co.uk/news/articles/c4grggw4n56o