23andMe has found a buyer. Regeneron will buy the struggling 23andMe through its court-supervised sale for $256 million, the companies disclosed Monday morning. The move comes after a roller coaster for 23andMe in the past few years, as the genetics testing company experienced a data breach, saw its stock price crater, ended its therapeutics discovery work, saw its entire board depart, slashed its
clinical trials, rejected multiple takeout bids from its CEO, and then filed for bankruptcy... |