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The Guardian - US
The Guardian - US
Technology
Johana Bhuiyan and agencies

Bankrupt DNA testing firm 23andMe to be purchased for $256m

23andMe Regeneron Regeneron Pharmaceuticals
a person holding a testing kit
A reporter examines a 23andMe Inc DNA genetic testing kit in Oakland, California, on 8 June 2018. Photograph: Bloomberg/Getty Images

The drugmaker Regeneron Pharmaceuticals has agreed to buy the genetic testing firm 23andMe Holding for $256m through a bankruptcy auction, the companies announced on Monday.

Regeneron said it will comply with 23andMe’s privacy policies and applicable laws with respect to the use of customer data and that it is ready to detail its intended use of the data to a court-appointed overseer. The companies expect to close the deal in the third quarter.

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