Regeneron to buy 23andMe out of bankruptcy
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Regeneron is buying the assets of 23andMe, which filed for Chapter 11 bankruptcy in March after facing a series of hurdles including a data breach.
The DNA testing firm 23andMe says it has entered into an agreement to be acquired by Regeneron Pharmaceuticals for $256m (£192m). It comes two months after the company filed for bankruptcy protection in the US.
What happened to 23andMe? Here's a look at its history from launch to bankruptcy and acquisition by Regeneron.
2hon MSN
It will acquire genetic data of more than 15 million customers – raising privacy concerns from individuals who had willingly handed over the samples to completely different owners.
Me has found a buyer in biotech company Regeneron Pharmaceuticals. If you want your data removed, here are your options.
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Regeneron Pharmaceuticals plans to purchase 23andMe just two months after the genetics company filed for bankruptcy.
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