23andMe seeks new bids after $305 million offer from its co-founder
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2025
0mins
Source: Yahoo Finance
Bankruptcy and Bidding: 23andMe, a bankrupt genetic testing company, is seeking to reopen bidding for its assets after receiving a $305 million offer from co-founder Anne Wojcicki, surpassing the previous lead bid of $256 million from Regeneron Pharmaceuticals.
Concerns Over Data Sale: The bankruptcy sale includes over 15 million customer DNA profiles, raising concerns among U.S. lawmakers about the potential sale of sensitive genetic data following a significant data breach that exposed personal information of millions.
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Analyst Views on REGN
Wall Street analysts forecast REGN stock price to rise
22 Analyst Rating
16 Buy
6 Hold
0 Sell
Moderate Buy
Current: 607.930
Low
637.00
Averages
808.50
High
1057
Current: 607.930
Low
637.00
Averages
808.50
High
1057
About REGN
Regeneron Pharmaceuticals, Inc. is a fully integrated biotechnology company. The Company invents, develops, manufactures, and commercializes medicines for people with serious diseases. Its products and product candidates in development are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases, and rare diseases. The Company is accelerating drug development using its proprietary technologies, such as VelociSuite, which produces optimized fully human antibodies and new classes of bispecific antibodies. VelociSuite consists of VelocImmune, VelociGene, VelociMouse, VelociMab, Veloci-Bi, VelociT, VelociHum, and other related technologies. Its marketed products include EYLEA (aflibercept); Dupixent (dupilumab); Libtayo (cemiplimab); Ordspono (odronextamab); Kevzara (sarilumab); Itepekimab; Lynozyfic, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Clinical Trial Applications: The company has applied to initiate Hearconnex clinical trials in Canada and France, receiving Fast Track designation from the French National Agency for Medicines and Health Products Safety, aimed at evaluating the safety and efficacy of SENS-601 in pediatric patients.
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