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Vanity: 23andMe wants to go public
email ^ | today | Anne CEO & Co-Founder

Posted on 02/06/2021 6:53:00 PM PST by Oscar in Batangas

23andMe is giving notice of wanting to go public

This could be fun to watch. Especially if the Big Boys want to play some more


TOPICS: Business/Economy; Health/Medicine; Science
KEYWORDS: 23andme; 23nme; dna; genealogy
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Stand by, smelly deplorables. hahaha
1 posted on 02/06/2021 6:53:00 PM PST by Oscar in Batangas
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To: Oscar in Batangas

Here’s the pitch:

https://mediacenter.23andme.com/company/investors/?utm_medium=email&utm_source=23andme&utm_campaign=2_1_22_announcement_1_cx_us&utm_content=j_61283555_p_1eaf4f31cbd6714e&utm_kxconfid=ux4f100ru


2 posted on 02/06/2021 6:55:24 PM PST by Oscar in Batangas (An Honors Graduate from the Don Rickles School of Personal Verbal Intercourse)
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To: Oscar in Batangas

Definitely another sign of a market top.


3 posted on 02/06/2021 6:55:57 PM PST by Flick Lives (“Today we celebrate the first glorious anniversary of the Information Purification Directives.”)
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To: Oscar in Batangas

She has familial connections to people in the cabal. We should not purchase their shares.


4 posted on 02/06/2021 6:56:03 PM PST by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
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To: wastedyears

+1


5 posted on 02/06/2021 7:21:11 PM PST by Gene Eric (Don't be a statist!)
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To: Oscar in Batangas

Going public so they can muddy the waters for selling DNA to ??????


6 posted on 02/06/2021 7:38:47 PM PST by Billyv ( Ephesians 6:11 for we battle not against flesh and blood...Pray for our leaders and nation )
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To: Oscar in Batangas

I’ve never understood the attraction of this stuff.

A lot of people I know - mostly Black Americans - have bought into it; but the results seem to be very nebulous. What do they really tell anyone that’s useful?


7 posted on 02/06/2021 7:51:13 PM PST by Jamestown1630 ("Corn Pop was a bad dude. He ran a bunch of bad boys.")
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To: Jamestown1630

My nephew took it.

And I found out I have another daughter...


8 posted on 02/06/2021 7:56:35 PM PST by mrsmith (US MEDIA: " Every 'White' cop is a criminal! And all the 'non-white' criminals saints!")
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To: Jamestown1630

I’ve made a new friend with a distant relative in England. We are chatting regularly. It’s pretty cool!


9 posted on 02/06/2021 7:57:10 PM PST by ProtectOurFreedom (Democracy Dies With Democrats)
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To: Oscar in Batangas

I know I’m from the best seven dogs in town. No desire to go beyond that.


10 posted on 02/06/2021 8:03:17 PM PST by Lurkina.n.Learnin (Beware the media industrial complex )
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To: Jamestown1630

There have been many examples of identical twins sending in their samples and getting remarkably different results. I know of a national network and one local occurrence in the last two years, and I don’t doubt there are others.

These things are just another way to part the gullible from their money, IMHO.


11 posted on 02/06/2021 8:17:36 PM PST by Don W (When blacks riot, neighbourhoods and cities burn. When whites riot, nations and continents burn.)
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To: Jamestown1630

I am adopted, so it was a big deal to me. I was able to trace family to a certain location in Scotland and the other side in Germany, where they came to the US, and how they migrated to little old South Carolina to make me. A wonderful journey.


12 posted on 02/06/2021 8:28:08 PM PST by PistolPaknMama
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To: Oscar in Batangas

The FDA ordered 23andMe to stop offering users unapproved health tests. Now it’s back.

The genetic testing company 23andMe announced today that it’s relaunching its direct-to-consumer health testing kits after shutting them down two years ago when the Food and Drug Administration charged the company with failing to provide evidence that their tests were “analytically or clinically validated.”

Like other California-based startups (such as Theranos), 23andMe had charged ahead with promises to disrupt health care. The 23andMe co-founder, Anne Wojcicki, said the company was poised to become the “world’s trusted source of personal genetic information” and “empowering” users with information about their genetic makeup.

But that revolutionary language didn’t pass muster with health regulators. Many of the genetic analyses 23andMe was giving to consumers hadn’t yet been validated or FDA-approved, so the the company’s health service had to slow down and reboot for a couple of years until coming back online today.

23andMe had to scale back after the FDA stepped in
Before the FDA ordered 23andMe to stop, the company had offered its million-plus users risk assessments on 254 diseases and conditions based on an analysis of their DNA through a saliva sample.

For a mere $99, 23andMe was telling people about things like their chances of getting serious diseases, such as Alzheimer’s or breast cancer, and even offering genetics-based guidance on “steps toward mitigating serious diseases” like diabetes and heart disease.

The trouble is the science hadn’t yet caught up to the company’s interpretations of these tests. A person’s risk of developing a particular disease can be determined by environmental and lifestyle factors as much as it can by genetics. Science is only just in its infancy when it comes to understanding how all these factors come together and influence human health.

So the FDA had serious concerns about the accuracy of the genetic interpretations 23andMe was giving consumers. In 2013, it sent a sternly worded letter to the company, ordering it to stop marketing health interpretations for its genetic testing service. (23andMe continued offering its ancestry services, which were not a source of regulatory controversy.)

That letter was quickly followed by a class-action suit from people who alleged that 23andMe misled them by continuing to promote health promises without regulatory approval or good science behind them. The complaint notice also cited FDA concerns about potentially inaccurate and incomplete health risk assessments, which could lead people to make harmful choices.

23andMe is offering fewer health tests than before
After that, 23andMe went back into negotiations with the FDA, seeking approval for its health data. With this reboot today, they’re offering only tests and reports that passed regulators — and the menu is quite a scale back from the early days, though it comes at about double the price ($199).

Instead of disease risk data, 23andMe will now offer “carrier status” reports for 36 diseases, which determine whether a user has a genetic variant for conditions including cystic fibrosis, sickle cell anemia, and hereditary hearing loss. Carriers don’t usually have the condition but can pass along those diseases to their children, so it’s mainly a service targeted at would-be parents.

https://www.vox.com/2015/10/21/9583392/fda-23andme-health


13 posted on 02/06/2021 8:29:22 PM PST by Grampa Dave (Law & order took the last train out of DC & America on election/coup/night, Tuesday, Nov. 03, 2020!!)
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To: Grampa Dave; All

Very interesting. Thanks for posting.


14 posted on 02/06/2021 8:56:49 PM PST by PGalt (confirmed: past peak civilization)
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To: Oscar in Batangas

“The Seal Of Gaia” No way would I volunteer my DNA. Already they’re building databases. At the same time the whole “organ donor” thing will go from “opting in”(as is now), to “assumed opting in” unless you specifically opt out, to “mandatory opt in”. Some day in the not too distant future some rich scumbag or senator fat-butt is going to need a kidney, heart, eyes... (or their wife, or kid...) They’ll hire people who will rifle through the database and find the best possible match and that match will meet with a untimely fate that benefits the scumbags. Oh... and the authorities will do just as much about this as they did about the previous stolen election, NOTHING!


15 posted on 02/06/2021 8:58:40 PM PST by The Right Edge (Staunch Trump Supporter AND PROUD to be!)
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To: Jamestown1630

I found who my father’s father was, and that my dad had another (half) sibling.


16 posted on 02/06/2021 9:30:30 PM PST by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
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To: Jamestown1630

I was on the ‘GO’ side of a BOGO promo about 3 years ago.

My sister, who knows genetics like Newton knew classical physics, needed a male DNA sample point to cast a wider net - don’t ask me to explain that!

The price was right, and I needed another hobby anyway...to keep me out of faceplant and tweeter jail. (It didn’t work for tweeter, but I’m in GREAT company being an outcast from that platform!)

I have enjoyed making new ‘friends’ out of 2nd and 3rd cousins who were totally unknown to me before. I’ve learned a lot of ancient family history through the perspectives they bring to the table.


17 posted on 02/06/2021 10:20:33 PM PST by Oscar in Batangas (An Honors Graduate from the Don Rickles School of Personal Verbal Intercourse)
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To: The Right Edge
No way would I volunteer my DNA.

They already have it.

One of our nephews, as well as couple of cousins, have already submitted their samples. Through inference, they can determine your genetic make-up.

That's how numerous child-molesters have been caught. It wasn't the perps who had submitted their DNA - law enforcement was able to "zero in" on them by analyzing the DNA of shirt-tail relatives.

Regards,

18 posted on 02/06/2021 10:23:04 PM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: mrsmith

I was quite relieved to know that my wife IS our daughter’s mother. hahaha


19 posted on 02/06/2021 10:24:50 PM PST by Oscar in Batangas (An Honors Graduate from the Don Rickles School of Personal Verbal Intercourse)
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To: PGalt

23 and me and Amazon got into a Pi$$ing contest a few years ago when their supplier did some weird things filling orders. One of our female in-laws warned me when I was considering them, and I ordered from Amazon.com.


20 posted on 02/07/2021 8:05:33 AM PST by Grampa Dave (Law & order took the last train out of DC & America on election/coup/night, Tuesday, Nov. 03, 2020!!)
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