Anne Wojcicki overcomes Regeneron in 23andMe assets battle
TTAM Research Institute, a nonprofit public benefit corporation based in California and led by 23andMe (OTC: MEHCQ) co-founder and former chief executive Anne Wojcicki, is to buy the latter company’s assets.
The $305 million agreement includes 23andMe’s personal genome service (PGS) and research services business lines, and the Lemonaid Health business.
This agreement with TTAM is the result of a final round of bidding that occurred on Friday between TTAM and US biotech major Regeneron Pharmaceuticals (Nasdaq: REGN), which had won the company's initial auction in May when it had proposed buying the firm for $256 million.
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