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From $6B Valuation to Bankruptcy to Rescue: Wojcicki Reclaims 23andMe for $305M

Benzinga
Summary
Nutrition label

73% Informative

Anne Wojcicki , co-founder and former CEO of 23andMe , will regain control of the embattled genetic testing company through a $305 million acquisition by her nonprofit TTAM Research Institute .

The purchase follows a previous winning bid from Regeneron Pharmaceuticals totaling $256 million , announced in May .

Approval from the U.S. Bankruptcy Court for the Eastern District of Missouri is still pending, with a hearing scheduled for June 17 .

VR Score

64

Informative language

57

Neutral language

30

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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