DNA Testing Firm 23andMe Avoids Bankruptcy With $256m Sale: What Happens To My Genetic Data?
DNA testing firm 23andMe avoids bankruptcy with an announcement on 19 May 2025 that it will be bought by US biotechnology company Regeneron Pharmaceuticals for $256 million (approximately £192 million). Regeneron Pharmaceuticals plans to operate 23andMe and continue all consumer genome services as a wholly-owned company subsidiary. This follows news reports on 23 March 2025 that 23andMe had petitioned for bankruptcy following financial difficulties and data privacy concerns after a cyber hack in 2023 which affected personal data of 7 million users. However, this continues to raise questions for 15 million users worldwide about what will happen to their genetic information?
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