23andMe co-founder Anne Wojcicki regains management of bankrupt genetic testing firm

Rep. James Comer, R-Ky., on 23andMe information privateness issues, his invitation for sanctuary governors to testify earlier than lawmakers and whether or not NPR and PBS ought to have funding stripped.

23andMe co-founder Anne Wojcicki is slated to regain management of her DNA-testing firm after a nonprofit she controls outbid rivals in a chapter public sale. 

TTAM Analysis Institute, a nonprofit public profit company primarily based in California and led by Wojcicki, received the sale of considerably all of 23andMe Holding Co.’s belongings, together with the Private Genome Service (PGS) and Analysis Companies enterprise traces and the Lemonaid Well being enterprise, for $305 million, topping Regeneron Prescribed drugs’s bid of $256 million.

As soon as accredited by the court docket, the definitive settlement with TTAM will nullify the beforehand introduced acquisition and underlying asset buy settlement with Regeneron, the DNA-testing firm introduced. 

23andMe founder Anne Wojcicki testifies throughout a Home Oversight Committee listening to on privateness issues surrounding 23andMe’s chapter sale and safety of Individuals’ non-public genetic information, on Capitol Hill on June 10, 2025, in Washington, D.C.  (TING SHEN/AFP by way of Getty Photographs / Getty Photographs)

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Wojcicki co-founded the corporate in 2006, three years after the primary human genome was sequenced, to assist individuals find out about their ancestry. She sat on the helm up till the corporate filed for Chapter 11 chapter in March.

As a part of the chapter safety proceedings, the genetic testing firm sought a brand new proprietor. Wojcicki stepped down deliberately so she may very well be in a greater place to bid for possession in her former firm.  

“I am supportive of the company and I intend to be a bidder. I have resigned as CEO of the company so I can be in the best position to pursue the company as an independent bidder,” Wojcicki posted on X as she resigned in March. 

Anne Wojcicki, chief government officer and co-founder of 23andMe Inc., speaks throughout the 2020 Makers Convention in Los Angeles, California, U.S., on Tuesday, Feb. 11, 2020.  (Kyle Grillot/Bloomberg by way of Getty Photographs / Getty Photographs)

Regardless of the corporate falling out of business, Mark Jensen, chair of the board and member of the Particular Committee of the Board of Administrators of 23andMe, recommended Wojcicki, saying she is “well positioned to advance the company’s founding vision of helping people access, understand and gain health benefits through greater understanding of the human genome.” 

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23andMe will start its subsequent chapter as a nonprofit. TTAM additionally agreed to undertake further privateness safeguards to reinforce protections for buyer information and privateness as a part of its deal. 

Underneath the settlement, TTAM will honor 23andMe’s present insurance policies that permit people to delete their account and genetic information and opt-out of analysis. 

23andMe will start its subsequent chapter as a nonprofit. (Smith Assortment/Gado/Getty Photographs / Getty Photographs)

TTAM additionally agreed that if the corporate goes by means of chapter or adjustments possession, it received’t promote or share genetic information except the brand new proprietor is a U.S.-based group that follows the identical privateness guidelines and obeys all legal guidelines.

TTAM will set up a shopper privateness advisory board and can implement privateness procedures, notify clients of fabric adjustments, mitigate information breaches, and put together annual experiences to be made accessible to Attorneys Basic upon request.

Prospects can even be given two years of free Experian id theft monitoring, in keeping with the phrases of the deal. 

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In the meantime, TTAM will nonetheless use 23andMe’s coverage of permitting de-identified information for use for scientific and biomedical analysis by analysis students at tutorial universities and different nonprofits. It should additionally refuse donations from people or corporations in specified nations.