Genetic test maker 23andMe eyes strategic alternatives, including a sale
Genetic testing pioneer 23andMe is looking at strategic alternatives, including a possible sale, it said Tuesday, months after co-founder and CEO Anne Wojcicki's buyout plan started a fight with her onetime board.
23andMe running low on cash, considers sale, “strategic alternatives” by Special Committee
The latest unsurprising development in 23andMe’s story is the admission, by their new board of directors, that 23andMe now does not have enough cash to continue for the next 12 months. They are now considering the following strategic alternatives: a possible sale of the company,
23andMe announces exploration of strategic alternatives
The Special Committee of the board of 23andMe Holding Co. announced that it has undertaken a process to explore strategic alternatives, including, among other alternatives, a poss
23andMe is exploring strategic alternatives, looking to raise capital
23andMe said it's started exploring strategic alternatives, including a possible sale. The company released third-quarter results that showed an 8% drop in consumer services revenue year over year ...
23andMe says it's exploring alternatives, including a sale
Genetic testing firm 23andMe (NASDAQ:ME) said it formed a special board committee to review strategic alternatives. The special committee will look at options including a sale, business combination, licensing of assets,
23andMe launches new genetic report on osteoporosis
Holding released a new polygenic risk score report on the genetics of osteoporosis for 23andMe+ Premium members. The report ...
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23andMe Reports Third Quarter Fiscal Year 2025 Financial Results
We will need to raise additional liquidity to fund our operations and financial commitments. 23andMe ended December 31, 2024 with cash and cash equivalents of $79.4 million, compared to $126.6 ...
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Can I Delete My 23andMe DNA? Here's What's Possible and How to Do It
Few companies had a year as bumpy as 23andMe had in 2024, with the company settling a lawsuit related to a data breach and announcing a round of layoffs. Amid that turmoil, many of the popular ...
23andMe reports Q3 cont ops EPS ($1.02) vs. ($10.80) last year
Reports Q3 revenue $60.3M vs. $44.75M last yearInvest with Confidence: Follow TipRanks' Top Wall Street Analysts to uncover their success rate ...
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What went wrong for 23andMe
23andMe faced major hurdles in 2024, including a $30 million settlement related to compromised data. 23andMe is now restructuring its business operations to reduce costs and streamline operations ...
Law28d
If 23andMe Goes Bankrupt, What Happens to All Our Data?
But there are facts, law and precedent on point, which are worth examining. First, we can start with 23andMe’s privacy statement, which is—to their credit—strong. In general, data can be ...
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23andMe Reports Q3 FY25 Financial Results Amid Ongoing Liquidity Concerns and Operational Challenges
23andMe Holding Co. reported significant financial challenges in its Q3 FY25 results, highlighting ongoing liquidity concerns and the need for additional capital to sustain operations. The company ...