23andMe's founder Anne Wojcicki wins bid for bankrupt DNA testing firm
NYPOST.COM
'BID WIN'
SUMMARY

Anne Wojcicki is regaining control of 23andMe after her nonprofit, TTAM Research Institute, won a bankruptcy auction for $305 million, surpassing Regeneron Pharmaceuticals' offer of $256 million.

23andMe, based in South San Francisco, filed for bankruptcy in March due to declining consumer demand and a 2023 data breach that exposed sensitive customer information. Once a leader in ancestry DNA testing, the company has struggled with dwindling demand for its services.

The auction highlights the shifting landscape in the genetic testing industry.

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