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Anne Wojcicki’s nonprofit reaches deal to acquire 23andMe

  • Genetic testing company 23andMe, after facing challenges including a cyberattack and bankruptcy, has a deal to be acquired by Anne Wojcicki's nonprofit.
  • Wojcicki's nonprofit TTAM Research Institute made a $305 million bid that was accepted over Regeneron's $256 million offer.
  • The acquisition includes plans to notify customers, maintain privacy policies, and set up a Consumer Privacy Advisory Board.
  • Wojcicki expressed excitement about continuing 23andMe's mission to empower individuals with genetic information.
  • The acquisition is subject to bankruptcy court approval and facing legal obstacles, including objections from 28 state attorneys general.
  • The privacy policies of 23andMe and the consent for selling genetic data are under scrutiny.
  • There are concerns regarding consumer trust as interim CEO Joseph Selsavage revealed that 15% of customers requested data deletion post-bankruptcy.

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