• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Time And Sales Reporter
Editor's Pick

Anne Wojcicki to buy back 23andMe and its data for $305 million

by admin June 17, 2025
June 17, 2025

Anne Wojcicki, the co-founder and former CEO of 23andMe, has regained control over the embattled genetic testing company after her new nonprofit, TTAM Research Institute, outbid Regeneron Pharmaceuticals, the company announced Friday.

TTAM will acquire substantially all of 23andMe’s assets for $305 million, including its Personal Genome Service and Research Services business lines as well as telehealth subsidiary Lemonaid Health. It’s a big win for Wojcicki, who stepped down from her role as CEO when 23andMe filed for Chapter 11 bankruptcy protection in March.

Last month, Regeneron announced it would purchase most of 23andMe’s assets for $256 million after it came out on top during a bankruptcy auction. But Wojcicki submitted a separate $305 million bid through TTAM and pushed to reopen the auction. TTAM is an acronym for the first letters of 23andMe, according to The Wall Street Journal.

“I am thrilled that TTAM Research Institute will be able to continue the mission of 23andMe to help people access, understand and benefit from the human genome,” Wojcicki said in a statement.

23andMe gained popularity because of its at-home DNA testing kits that gave customers insight into their family histories and genetic profiles. The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company. At its peak, 23andMe was valued at around $6 billion.

The company struggled to generate recurring revenue and stand up viable research and therapeutics businesses after going public, and it has been plagued by privacy concerns since hackers accessed the information of nearly seven million customers in 2023.

TTAM’s acquisition is still subject to approval by the U.S. Bankruptcy Court for the Eastern District of Missouri.

This post appeared first on NBC NEWS

previous post
Starbucks moves to the next phase in its turnaround: Winning over employees
next post
Resolution Minerals LtdTo Develop U.S. Government Engagement Strategy with Clewett Global Services

Related Posts

Charlie Javice sentenced to 7 years in prison...

October 2, 2025

YouTube to pay $24 million to settle Trump...

October 2, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

October 1, 2025

Trump says U.S. will impose new tariffs on...

September 30, 2025

Former Fed chairs warn that removing Lisa Cook...

September 28, 2025







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.




    Recent Posts

    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 2, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 2, 2025
    • Johnson accuses Schumer of blocking ‘real discussion’ to keep government open

      October 2, 2025
    • Trump remains open to talks with Kim Jong Un as South Korea warns of North Korean missile reach

      October 2, 2025
    • First bipartisan shutdown negotiations surface on Capitol Hill after funding bill blocked again

      October 2, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 timeandsalesreporter.com | All Rights Reserved

    Time And Sales Reporter
    • World News
    • Politics
    • Stock
    • Investing
    • Editor’s Pick

    Read alsox

    Red America Would Suffer Under RFK Jr.

    February 13, 2025

    Trump Punishes Large Law Firm for Representing His...

    February 26, 2025

    Cash App owner Block pays $40 million in...

    April 17, 2025