Posted on 05/20/2025 10:17:14 AM PDT by DFG
Regeneron Pharmaceuticals has announced a plan to acquire the bankrupt genetic testing company 23andMe for $256 million, raising privacy concerns as the pharmaceutical giant will gain access to the genetic data of over 15 million customers.
The New York Post reports that Regeneron Pharmaceuticals has seized the opportunity to acquire the once-thriving genetic testing company 23andMe, which recently filed for bankruptcy. The $256 million deal will grant Regeneron access to 23andMe’s extensive collection of genetic samples and data, encompassing the personal information of more than 15 million customers. This acquisition has raised significant concerns among privacy advocates and customers who had willingly provided their genetic information to 23andMe under different ownership and circumstances.
According to the announcement made by Regeneron, the acquisition will include 23andMe’s Personal Genome Service, Total Health and Research Services, and its substantial biobank. The pharmaceutical company has assured that all of 23andMe’s genetic testing services will continue without interruption, and the deal is expected to be finalized in the third quarter of 2025, pending necessary approvals from the bankruptcy court and regulatory authorities.
To address the privacy concerns surrounding the acquisition, Regeneron has pledged to adhere to 23andMe’s existing consumer-privacy rules. The company has also committed to working with a court-appointed ombudsman who will investigate the matter to ensure the protection of customer data. Aris Baras, head of Regeneron’s genetics center, stated, “We assure 23andMe customers that we are committed to protecting the 23andMe dataset with our high standards of data privacy, security and ethical oversight and will advance its full potential to improve human health.”
(Excerpt) Read more at breitbart.com ...
dljordan wrote: “Partners with the CCP. Fine people.”
Name three companies that don’t do business in China.
CodeToad wrote: “What’s your point claiming what they are doing is legitimate?”
What’s your point in comparing them to cocaine dealers?
I don’t think I can. what does that say?
Just another giant leap forward?
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