Regeneron Pharmaceuticals to pay $256 million for 23andMe
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Regeneron is buying the assets of 23andMe, which filed for Chapter 11 bankruptcy in March after facing a series of hurdles including a data breach.
23andMe will keep offering customers its DNA testing services after being bought out of bankruptcy. New York-based biotech company Regeneron Pharmaceuticals announced an agreement on Monday to purchase the 23andMe startup for $256 million, alongside its Total Health and Research Services business and biobank of customer data and genetic samples.
What happened to 23andMe? Here's a look at its history from launch to bankruptcy and acquisition by Regeneron.
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