Bankrupt DNA testing company 23andMe to be bought by Regeneron
Drugmaker Regeneron PharmaceuticalsĀ will buy genetic testing firm 23andMe Holding for $256Ā million USDĀ through a bankruptcy auction, the companies said onĀ Monday.Regeneron said it will comply with 23andMe's privacyĀ policies and applicable laws with respect to the use of customerĀ data and that it is ready to detail its intended use of the dataĀ to a court-appointed overseer.The bankruptcy proceedings, filed in March, had drawnĀ scrutiny from lawmakers who warned that millions of customers'Ā genetic data could be sold to unscrupulous buyers.23andMe last month agreed to allow a court-appointedĀ overseer for the company's handling of customers' geneticĀ information and its security policies during the bankruptcy.The company has collected genetic data from 15 millionĀ customers who ordered its DNA t...