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Regeneron Acquires 23andMe for $256 Million Amid Bankruptcy

Regeneron Pharmaceuticals is set to acquire 23andMe for $256 million, promising to uphold customer privacy and data protections.


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Regeneron Pharmaceuticals has agreed to buy 23andMe for $256 million post-bankruptcy, ensuring uninterrupted operations and strong privacy commitments. 23andMe's asset sale occurred following financial struggles, including a data breach affecting 6.9 million users. Regeneron committed to safeguarding customers' genetic and health information while leveraging this data for drug discovery. The sale, involving a court-appointed overseer to monitor data use, is expected to finalize by the end of Q3 2025. 23andMe expressed satisfaction with the deal, emphasizing continued customer protections and employment for its staff.

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The rise and fall of 23andMe
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Pharmaceutical Company Announces It’s Buying 23andMe
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