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Amethyst & Wright

Perspectives 101

| less than a minute read

23andMe, to be no more?

DNA testing companies including Ancestry and 23andMe are regularly subpoenaed by law enforcement. 23andMe says they do not allow law enforcement to mine their genetic data. This could change if ownership changes hands.

 

In a recent post from Colligan Law, titled 23andMe DNA Database Has Uncertain Future, the following observation was raised;  
Quote:- 
“The DNA testing company 23andMe is on the brink of financial collapse. What is going to happen to their genetic database of 15 million customers?” 

 

23andMe says it is already sharing its massive DNA research database with pharmaceutical giant GlaxoSmithKlein (GSK). But they say their agreement with GSK provides the data shared has been anonymized.

 

 

Shares of 23andMe are now worth pennies. The company’s valuation has plummeted 99% from its $6 billion peak shortly after the company went public in 2021.