Reported about 1 month ago
Anne Wojcicki's nonprofit, TTAM Research Institute, has secured agreements to acquire the troubled genetic testing company 23andMe, which recently filed for bankruptcy after a significant cyberattack. The deal follows a bidding process that culminated in TTAM's unsolicited $305 million offer, surpassing a previous bid from Regeneron. Wojcicki emphasized the nonprofit's commitment to maintaining customer privacy and the mission of empowering individuals regarding their genetic data; however, the acquisition still requires approval from bankruptcy court and faces legal challenges from state attorneys general concerned about consumer consent.
Source: YAHOO