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23andMe

23andMe Holding Co.
Company typePublic
OTC Pink: MEHCQ
Nasdaq: ME
ISINUS90138Q3065
US90138Q4055 Edit this on Wikidata
Industry
FoundedApril 2006 (2006-04)
Founders
FateFiled for Chapter 11 bankruptcy in March 2025
Headquarters
South San Francisco, California
,
United States
Key people
  • Joe Selsavage (CEO)
Products
Services
RevenueDecrease US$192 million (2024)
Decrease US$−681 million (2024)
Decrease US$−666 million (2024)
Total assetsDecrease US$395 million (2024)
Total equityDecrease US$189 million (2024)
Number of employees
582 (2024)
Website23andme.com
Footnotes / references
Financials as of March 31, 2024.[1]

23andMe Holding Co. is an American personal genomics and biotechnology company based in South San Francisco, California.[1] It is best known for providing a direct-to-consumer genetic testing service in which customers provide a saliva sample that is laboratory analysed, using single nucleotide polymorphism genotyping,[2] to generate reports relating to the customer's ancestry and genetic predispositions to health-related topics. The company's name is derived from the 23 pairs of chromosomes in a diploid human cell.[3]

Founded in 2006, 23andMe soon became the first company to begin offering autosomal DNA testing for ancestry, which all other major companies now use.[4] Its saliva-based direct-to-consumer genetic testing business was named "Invention of the Year" by Time in 2008.[5][6]

The company had a previously fraught relationship with the United States Food and Drug Administration (FDA) due to its genetic health tests; as of October 2015, DNA tests ordered in the US include a revised health component, per FDA approval.[7][8] 23andMe has been selling a product with both ancestry and health-related components in Canada since October 2014,[9][10][11] and in the UK since December 2014.[12]

23andMe became a publicly traded company in 2021, via a merger with a Special Purpose Acquisition Company (SPAC), and soon had a market capitalization of US$6 billion.[13] By 2024, its valuation had fallen to 2% of that peak.[13] In March 2025, 23andMe filed for Chapter 11 bankruptcy, and CEO Anne Wojcicki resigned.[14] Due to the sensitive nature of data stored by 23andMe and privacy concerns due to bankruptcy filing,[15] the attorney general of California subsequently issued a consumer alert for its customers.[16]

On May 19, 2025, Regeneron agreed to buy 23andMe out of bankruptcy for $256 million.[17] In June 2025, TTAM Research Institute, a non-profit founded by Anne Wojcicki, outbid Regeneron and won the bid for 23andMe for $305 million.[18]

  1. ^ a b "23andMe Holding Co. Fiscal 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. May 30, 2024.
  2. ^ Cite error: The named reference Wired2007 was invoked but never defined (see the help page).
  3. ^ "Fact Sheet". 23andMe. Archived from the original on January 19, 2013. Retrieved November 27, 2013.
  4. ^ "Autosomal SNP comparison chart - ISOGG Wiki". isogg.org. Retrieved September 4, 2022.
  5. ^ Cite error: The named reference Time was invoked but never defined (see the help page).
  6. ^ Janzen, Tim; et al. "Family Tree DNA Learning Center". Autosomal DNA testing comparison chart. Gene by Gene.
  7. ^ Herper, Matthew (December 5, 2013). "23andMe Stops Offering Genetic Tests Related to Health". Forbes. Archived from the original on February 9, 2014. Retrieved December 6, 2013.
  8. ^ Pollack, Andrew (October 21, 2015). "23andMe Will Resume Giving Users Health Data". The New York Times. ISSN 0362-4331. Archived from the original on March 4, 2016. Retrieved October 21, 2015.
  9. ^ Ubelacker, Sheryl (October 1, 2014). "U.S. company launches genetic health and ancestry info service in Canada". Winnipeg Free Press. The Canadian Press. Retrieved October 7, 2014.
  10. ^ Hansen, Darah (October 2, 2014). "5Q: Anne Wojcicki, CEO 23andMe on knowing your DNA data (and being married to the boss of Google)". Yahoo Finance Canada. Retrieved October 7, 2014.
  11. ^ "23andme genetic testing service raises ethical questions". CBC News. October 2, 2014. Retrieved October 7, 2014.
  12. ^ Roberts, Michelle; Rincon, Paul (December 2, 2014). "Controversial DNA test comes to UK". BBC News. Retrieved December 2, 2014.
  13. ^ a b Winkler, Rolfe (January 31, 2024). "23andMe's Fall From $6 Billion to Nearly $0". Wall Street Journal.
  14. ^ "23andMe files for bankruptcy protection". www.bbc.com. March 24, 2025. Retrieved March 24, 2025.
  15. ^ "23andMe is filing for bankruptcy. Here's what it means for your genetic data". NPR. Retrieved April 13, 2025.
  16. ^ "Attorney General Bonta Urgently Issues Consumer Alert for 23andMe Customers". State of California - Department of Justice - Office of the Attorney General. March 21, 2025. Retrieved April 13, 2025.
  17. ^ Seal, Rolfe Winkler and Dean. "Regeneron to Buy 23andMe Out of Bankruptcy for $256 Million". WSJ. Retrieved May 19, 2025.
  18. ^ Capoot, Ashley (June 13, 2025). "Anne Wojcicki to buy back 23andMe and its data for $305 million". CNBC. Retrieved June 14, 2025.

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