Home Regeneron to Acquire 23andMe for $256 Million to Advance Genetically Guided Drug Discovery

Regeneron to Acquire 23andMe for $256 Million to Advance Genetically Guided Drug Discovery

May 24, 2025 14:30 CST Updated 14:30
Regeneron

Biopharmaceutical Manufacturer

23andMe

Genomic Sequencing Service Provider

More than two months after filing for bankruptcy protection,23andMeFinally found a buyer for myself.

Local time5Month19DayRegeneron Pharmaceuticals, Inc.(hereinafter referred to asRegeneronAnnouncedWinning23andMe Holding Co.OfCompetitive Auction, willApproximately2.56Acquired this company for $ billionConsumer-gradeGeneTestingPioneerCompanyAlmost all assets, ensure23andMeContinue to provide all consumption uninterruptedLevelGeneTestingService.Subject to the approval of the U.S. Bankruptcy Court and regulatory authorities, as well as other customary closing conditions, the transaction is expected to be completed.2025Completed in the third quarter of the year.

23andMeTheBusiness IncludesPersonal Genome ServicePGS), Comprehensive Health and Research Services business line, as well as its biobank and related assetsAfter the acquisition is completed,23andMeWill serve asRegeneronCompanyOperated by wholly-owned direct or indirect subsidiaries and continued to provide personal genomics services.RegeneronThe AcquisitionNot included23andMeTheLemonaid HealthBusinessMore details about the company's operational plans will be announced upon the completion of the transaction.

As one of the earliest companies to offer consumer-grade genetic testing services,23andMeWith approximately1500Ten thousand usersData.Regeneron emphasized when announcing the deal,CompanyWillEnsure Compliance23andMeConsumer Privacy Policy and applicable laws regarding the handling of customer data.As the winning bidder,RegeneronWillProvide a detailed explanation of the intended use of customer data, privacy programs, and security control measures for review by the court-appointed independent customer privacy ombudsman and other relevant parties.

RegeneronIt was founded and led by physician-scientists.TheBiotechnology company,ItsMedicines and product lines are designed to help patients with eye diseases, allergies and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, blood disorders, infectious diseases, and rare diseases.Currently,RegeneronParticipated in the completion of multiple projects that have been obtainedApproved treatments and the development of candidate products, most of which areItsIndependently developed by the laboratory.RegeneronTheProprietary TechnologyVelociSuite®Capable of producing optimized fully human antibodies and novel bispecific antibodies, Meanwhile, the company isIn utilizing data fromRegeneron Genetics Center®And the data-driven approach of open genetic medicine platforms is shaping the next frontier of medicine.HelpIdentify innovative targets and complementary approaches to potentially treat or cure diseases.

RegeneronCo-Founder, Co-Chair of the Board, President and Chief Scientific OfficerGeorge D. YancopoulosPh.D.RepresentationRegeneronIs one of the first to bet its future onDNAOne of the biotechnology companies with strength, which has driven our drugsR&D, thereby providing some of the world's leading and most innovative drugs, including those for the prevention of blindness.Treatment of allergic diseases such as asthma and atopic dermatitisAndA variety of cancers, and even the treatment of Ebola andCOVID-19The drug. We have extensive experience in large-scale data management,Partners are spread acrossAll over the world, coming from nearly300Participants in the tens of thousandsGoIdentificationDNASequencing linked to electronic health records, driving securely and reliablyFocusFuture Advances in Medicine. We believe we can help23andMeAchieve its mission, helping those who want to understand themselvesDNAAnd customers interested in how to improve personal health, while further promotingRegeneron"Using large-scale genetic studies to improve the treatment and prevention of diseases."

Regeneron Genetics Center®YesRegeneronWholly-owned subsidiary`, aiming to`Utilizing proprietary data analysis, technologyExplore itsContinuously Growing Beyond27010,000 exomesSequencingAndTo identifyDatabase of health information for rapid and large-scaleAchieveMeaningful biological discoveries.

Regeneron Genetics Center®Senior Vice President and HeadAris BarasPh.D.Indicates:23andMeIt is consumption.LevelA pioneer in the field of genetics and research, we are delighted to have the opportunity to supportThisImportant Mission,Promote RelatedPlatform and Business. As a global leader in the field of human genetics,RegeneronHeredityThe center is dedicated to protecting the genetic data of customers around the world and using this data, with their consent, to advance science and society.We are23andMeCustomer Guarantee,WillProtect with high standards of data privacy, security, and ethical oversight23andMeDataset, and will fully leverage its potential to improve human healthSelf2013Since the year,RegeneronGeneticsCenterIn the researchRecently300The genetic information of ten thousand people has been sequenced, utilizing theseGoIdentified data,Achieved quickly and on a large scaleMeaningful findings. WeApproval23andMeThe founding vision, which is the power of genetics and data, as well as the health benefits of understanding the human genome for individuals and society. We believe,RegeneronVery suitable to become23andMeFuture Responsible and EffectiveManager.

23andMeInterim CEOJoe SelsavageRepresentation:"We are pleased to have reached an agreement with a science-oriented partner, which will help ensure the advancement of our mission. InRegeneron"With the support and extensive experience in gene sequencing, testing, and discovery, we look forward to continuing to help people access and understand the human genome for the benefit of our customers and patients."

23andMeChairman and Member of the Special Committee of the BoardMark JensenSaid: "We are pleased to have reached a deal that maximizes the value of the enterprise.RegeneronTo the acquired23andMeAll employees in the business department have been provided with employment opportunities.ThisMake23andMe's mission continues,That is, by better understanding the human genome, help people access, understand, and gain health benefits.At the same timeMaintained the key to customer privacy, choice, and consent regarding their genetic data.Protection.

It should be noted that theThe transaction is still subject to approval by the U.S. Bankruptcy Court for the Eastern District of Missouri and an assessment of its impact on consumer privacy.It is expected toJune 17DayAnnounce Whether to Approve the Transaction

References:

https://newsroom.regeneron.com/news-releases/news-release-details/regeneron-enters-asset-purchase-agreement-acquire-23andmer-256

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