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Regeneron in Deal to Acquire 23andMe for $256M

To acquire Personal Genome Service, Total Health and Research Services business lines, and its Biobank and associated assets.

Regeneron Pharmaceuticals, Inc. has been named the successful bidder in the bankruptcy auction for substantially all of the assets of 23andMe Holding Co., a human genetics and biotechnology company. Regeneron intends to acquire 23andMe’s Personal Genome Service (PGS), Total Health and Research Services business lines, together with its Biobank and associated assets, for $256 million. Subject to bankruptcy court and regulatory approvals and other customary closing conditions, the transaction ...

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