Timeline: the Rise and Fall of 23andMe

In March 2025, 23andMe filed for Chapter 11 chapter safety, saying it will proceed working whereas in search of a purchaser.

“After an intensive analysis of strategic options, now we have decided {that a} court-supervised sale course of is the most effective path ahead to maximise the worth of the enterprise,” chair Mark Jensen mentioned in a press launch. It should “advance our efforts to deal with the operational and monetary challenges we face, together with additional value reductions and the decision of authorized and leasehold liabilities.”

Wojcicki resigned as CEO, efficient instantly, however remained on the board. CFO Joe Selsavage took over as interim CEO. The corporate’s inventory fell about 50% on the information.

“Whereas I’m dissatisfied that now we have come to this conclusion and my bid was rejected, I’m supportive of the corporate and I intend to be a bidder,” Wojcicki wrote on X. “I’ve resigned as CEO of the corporate so I will be in the most effective place to pursue the corporate as an unbiased bidder.”

“We’ve got had many successes however I equally take accountability for the challenges now we have as we speak,” her put up continued. “There isn’t any doubt that the challenges confronted by 23andMe via an evolving enterprise mannequin have been actual, however my perception within the firm and its future is unwavering.”

In Might 2025, Regeneron introduced it was shopping for 23andMe’s property after profitable a chapter public sale for $256 million.

“We consider we can assist 23andMe ship and construct upon its mission to assist individuals find out about their very own DNA and learn how to enhance their private well being, whereas furthering Regeneron’s efforts to enhance the well being and wellness of many,” mentioned Regeneron cofounder and president George Yancopoulos in a press launch.

The corporate promised to “course of all buyer private information in accordance with the consents, privateness insurance policies and statements, phrases of service, and notices at the moment in impact and have safety controls in place designed to guard such information.”