Anne Wojcicki, founder of 23andMe, has successfully repurchased the genetic testing firm out of bankruptcy through her non-profit TTAM for $305 million, surpassing a prior winning bid from Regeneron. The deal, which excludes the company’s liabilities, may ease public concerns over genetic data transfers, given Wojcicki’s continued leadership. The acquisition still requires court approval, while lawsuits related to a 2023 data breach remain unresolved. The company’s shares have surged on recovery hopes.
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Continue reading Anne Wojcicki Reclaims 23andMe in $305M Deal #1827