REGN Signs $256M Buyout Deal With 23andMe to Boost Genomics Research
Regeneron Pharmaceuticals (REGN) has emerged as the successful bidder in the bankruptcy auction for most of the assets of 23andMe Holding Co., a prominent player in human genetics and biotechnology.REGN plans to acquire 23andMe’s Personal Genome Service, Total Health and Research Services business units, Biobank and related assets in a transaction valued at $256 million. Consequently, 23andMe will operate as a wholly-owned subsidiary of Regeneron Pharmaceuticals. The impending purchase, however, does not in ...