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Tag: Genetic Data Privacy

Court Greenlights Anne Wojcicki’s $305M 23andMe Acquisition Amidst Privacy Concerns

Court Greenlights Anne Wojcicki’s $305M 23andMe Acquisition Amidst Privacy Concerns

Court Greenlights Anne Wojcicki’s $305M 23andMe Acquisition Amidst Privacy Concerns A U.S. Bankruptcy Court judge has approved Anne Wojcicki’s nonprofit, TTAM Research Institute, to acquire genetic testing firm 23andMe for $305 million, marking a significant step in the company’s emergence from Chapter 11 bankruptcy. The transaction, set to finalize in the coming weeks, sees Wojcicki, 23andMe’s co-founder, regain control of the company she started nearly two decades ago. The ruling by Judge Brian C. Walsh on Friday concludes a months-long…

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Court Approves $305M Sale of 23andMe to Nonprofit Led by Former CEO Anne Wojcicki

Court Approves $305M Sale of 23andMe to Nonprofit Led by Former CEO Anne Wojcicki

Court Approves $305M Sale of 23andMe to Nonprofit Led by Former CEO Anne Wojcicki A U.S. bankruptcy court has this week approved the $305 million sale of consumer genetics testing giant 23andMe to a nonprofit organization led by its co-founder and former CEO, Anne Wojcicki. The landmark decision, which received approval on Monday, paves the way for TTAM Research Institute, a California-based nonprofit, to acquire the company, including its telemedicine service Lemonaid Health. The sale comes after 23andMe filed for…

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Judge Approves 23andMe Sale to Founder’s Nonprofit, Appeal Deadline Looms Amid Privacy Concerns

Judge Approves 23andMe Sale to Founder’s Nonprofit, Appeal Deadline Looms Amid Privacy Concerns

Judge Approves 23andMe Sale to Founder’s Nonprofit, Appeal Deadline Looms Amid Privacy Concerns A U.S. bankruptcy judge has given the green light for the insolvent genetics firm 23andMe to be sold to TTAM Research Institute, a nonprofit established by co-founder Anne Wojcicki. This ruling, delivered by Judge Brian Walsh of the U.S. Bankruptcy Court in the Eastern District of Missouri, aims to circumvent the controversial transfer of millions of customers’ sensitive DNA data to a commercial third party. The decision…

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