This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: 23andMe co-founder Anne Wojcicki regains management of bankrupt genetic testing firm
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Lifestyle > 23andMe co-founder Anne Wojcicki regains management of bankrupt genetic testing firm
Lifestyle

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

Editorial Board Published June 16, 2025
Share
23andMe co-founder Anne Wojcicki regains management of bankrupt genetic testing firm
SHARE

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)

23ANDME BANKRUPTCY: WILL YOUR PRIVATE DATA BE PROTECTED?

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.” 

23ANDME FILES FOR BANKRUPTCY AS CALIFORNIA AG URGES CUSTOMERS TO DELETE DATA

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. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

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.

TAGGED:23andMeAnnebankruptcofoundercompanycontrolGeneticregainsTestingWojcicki
Share This Article
Twitter Email Copy Link Print
Previous Article Lilo & Stich Actor Useless; Pals Mourn David H.Okay. Bell Lilo & Stich Actor Useless; Pals Mourn David H.Okay. Bell
Next Article Can Calvin Pickard backstop one other Oilers playoff rally? Can Calvin Pickard backstop one other Oilers playoff rally?

Editor's Pick

Katy Perry & Justin Trudeau Pack on PDA within the Pacific

Katy Perry & Justin Trudeau Pack on PDA within the Pacific

Studying Time: 3 minutes Katy Perry and Justin Trudeau appear to be again on … in the event that they…

By Editorial Board 6 Min Read
Goldman’s revenue beats estimates as dealmaking rebound boosts funding banking
Goldman’s revenue beats estimates as dealmaking rebound boosts funding banking

Catalyst Capital Advisors co-founder and CIO David Miller dissects 'highly effective earnings…

7 Min Read
Her husband was deported to Mexico. Unwilling to stay aside, she left California to affix him.
Her husband was deported to Mexico. Unwilling to stay aside, she left California to affix him.

Because the car approached the Tijuana border, Etelvina Lázaro’s son, sitting behind the…

10 Min Read

Oponion

Lacking New Orleans boy killed in alligator assault, police say

Lacking New Orleans boy killed in alligator assault, police say

A lacking 12-year-old boy with autism doubtless died following an…

August 28, 2025

30 Greatest Items for Historical past Lovers in 2024 | Fashion

FYI In our newest replace, we’ve…

October 1, 2024

Marin County supervisors authorize $500,000 fund to safeguard immigrant communities

The Marin County Board of Supervisors…

March 9, 2025

Miss Manners: Can I put an indication in my toilet for one explicit visitor?

DEAR MISS MANNERS: We now have…

June 7, 2025

Trump staff says endangered species checklist is ‘Lodge California’—however there’s extra to the story

A small proportion of species protected…

August 27, 2025

You Might Also Like

I Lastly Stepped Off the Sizzling Lady Hamster Wheel—And You Can, Too
Lifestyle

I Lastly Stepped Off the Sizzling Lady Hamster Wheel—And You Can, Too

I’ve all the time had excessive requirements for myself. In my life, in my relationships, and even in my magnificence…

13 Min Read
The Temper Boosting Weight-reduction plan: This is Your Really feel-Good Grocery Checklist
Lifestyle

The Temper Boosting Weight-reduction plan: This is Your Really feel-Good Grocery Checklist

In some unspecified time in the future, you’ve in all probability heard the phrase, “You are what you eat.” Stated…

10 Min Read
College students study abilities of restoring classic vehicles in one-of-a-kind program at Kansas faculty
Lifestyle

College students study abilities of restoring classic vehicles in one-of-a-kind program at Kansas faculty

McPherson Faculty in Kansas affords a four-year automotive restoration program to college students. MCPHERSON, Kan. – Paige Miltenberger at all…

8 Min Read
Non-public jet deliveries anticipated to hit report degree over subsequent decade
Lifestyle

Non-public jet deliveries anticipated to hit report degree over subsequent decade

The "One Big Beautiful Bill Act" will embrace funds to overtake air visitors management know-how, which the CEOs are publicly…

5 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?