Anne Wojcicki’s nonprofit reaches deal to acquire 23andMe

Genetic Testing Agency 23 and ME Announced Friday It has reached an agreement to sell itself to a non-profit led by the company’s co-founder and former CEO Anne Wesiki.

Following a huge cybertack and related case litigation in 2023, 23 Bankrupt In March, the Wasiki resigned to become an independent bidder for the company. However, the pharmaceutical company was in the Razneron Announcement With $ 256 million bids.

According to the Wall Street JournalWadiki’s non -profit TTAM Research Institute has reopened the bid by creating an unwanted bid earlier this month and refused to defeat the Razneron TTAM’s $ 305 million offer.

In this declaration, TTAM (a brief details that matched with twenty and my first letter) said that customers will be notified about the acquisition of at least two business agreements before the contract is closed and will be permitted to non -profit customers and allow customers Delete their data And opt out from the study. It also says that it will establish a Customer Privacy Advisory Board within 90 days of closing.

“I am shocked that the TTAM Research Institute will be able to continue the mission of 23 and ME to help people access, understand and benefit people from human genome.” Written in LinkdinThe “We believe that it is critical that people are empowered to gain respect and transparency in their genetic information and have the opportunity to continue their predecessors and health risks as desired.”

Acquisition still needs to be approved by bankruptcy court, and it may face additional legal obstacles – a team of 20 state Attorney General led by Leia James in New York Have filed a case This week, the company objected to the sale of resources.

James said “23 and ME cannot auction personal genetic information of millions of people without their consent.”

According to the WSJ, a court-appointed privacy Ombudsman also said that it is not clear that 23andme privacy principles allow his genetic information to sell.

Or it is also not clear that if the contract continues, 23 and ME can regain confidence in consumers. Joseph Salesavage, the company’s interim CEO, recently informed the committee that 15% of customers asked to delete their data Since the company has filed for bankia.