US EditionRegeneron to buy bankrupt DNA testing firm 23andMe for $256 million
- Regeneron Pharmaceuticals announced on May 19, 2025, that it will buy 23andMe Holding Co. For $256 million in a bankruptcy auction based in San Francisco.
- The acquisition follows 23andMe’s Chapter 11 bankruptcy filing in March, after which a court-supervised auction required bidders to comply with privacy policies due to customer data concerns.
- Regeneron plans to purchase nearly all of 23andMe’s assets, excluding the Lemonaid Health telehealth division, which 23andMe intends to gradually discontinue, while upholding existing privacy safeguards and ensuring data security.
- The transaction includes 23andMe’s Personal Genome Service and Health and Research Services used by 15 million customers providing saliva samples, despite a 2023 data breach and declining ancestry testing demand.
- The deal is subject to U.S. Bankruptcy Court approval and other closing conditions, with a hearing scheduled for June 17, 2025, and expected closing in the third quarter of 2025.
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Regeneron agrees to buy bankrupt 23andMe, promises ethical use of customers' DNA data
(Reuters) - Regeneron Pharmaceuticals said on Monday it will buy genetic testing firm 23andMe Holding for $256 million through a bankruptcy auction, and promised to prioritize the ethical use of
Regeneron acquires bankrupt DNA testing startup 23andMe and its data for $256 million - Tech Startups
Regeneron Pharmaceuticals announced Monday that it’s buying “substantially all” of 23andMe’s assets for $256 million. The deal comes just weeks after the once buzzy DNA testing startup, once valued near $6 billion, filed for Chapter 11 bankruptcy. According to Regeneron, […] The post Regeneron acquires bankrupt DNA testing startup 23andMe and its data for $256 million first appeared on Tech Startups.
N.C. residents can file claims against 23andMe by July 14
GREENVILLE, N.C. (WNCT) -- North Carolinians have until July, 14 to file claims against DNA testing company 23andMe related to the cyber security incident reported in 2023. NC Attorney General Jeff Jackson was investigating the company over data breach when they filed for bankruptcy protection. “Your genetic data is the most personal information you have, and 23andMe’s data breach may have put that information in the wrong hands,” said Attorney …
North Carolinians can file claims against 23andMe until July 14
RALEIGH, NC (WWAY) — North Carolinians have until July 14th, to file claims against DNA testing company 23andMe for any general claims against the company or claims related to the cyber security incident reported in 2023. Attorney General Jeff Jackson was investigating 23andMe over the data breach when the company filed for bankruptcy protection. “Your genetic data is the most personal information you have, and 23andMe’s data breach may have put…
Fox 10 Phoenix
livenowfox.com23andMe acquired by biotech giant Regeneron after bankruptcy filing
Biotechnology leader Regeneron Pharmaceuticals is acquiring genetic testing firm 23andMe for $256 million following its bankruptcy filing. The deal excludes 23andMe’s telehealth subsidiary, Lemonaid Health.
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