Regeneron buys 23andMe Getty ImagesRegeneron Pharmaceuticals announced on Monday it will acquire bankrupt genomics firm 23andMe for $256 million through a bankruptcy auction, promising to maintain ethical standards in handling sensitive customer DNA information.According to Reuters, the New York-based pharmaceutical giant aims to leverage 23andMe’s extensive database of over 15 million customer DNA samples to enhance its genomic-driven drug discovery processes. The acquisition comes at a crucial time as con ...

Abeona Therapeutics Inc.'s ABEO stock traded higher on Wednesday.The Food and Drug Administration (FDA) on Tuesday approved Abeona’s Zevaskyn (prademagene zamikeracel) gene-modified cellular sheets, also known as pz-cel, as the first and only autologous cell-based gene therapy for wounds in adult and pediatric patients with recessive dystrophic epidermolysis bullosa (RDEB).Zevaskyn is the only FDA-approved product to treat RDEB wounds with a single application.Zevaskyn consists of a patient's skin cells (ke ...

Dublin, April 11, 2025 (GLOBE NEWSWIRE) -- The "Genetic Screening Testing for Preventive Health Market - A Global and Regional Analysis: Focus on Test Type, Technology, Application, End User and Country-Level Analysis - Analysis and Forecast, 2025-2035" report has been added to ResearchAndMarkets.com's offering.The market for genetic screening testing in preventive health has been experiencing rapid growth, driven by driving factors such as technological advancements, increased consumer interest in persona ...

Core Points - 23andMe Holding Co has voluntarily filed for Chapter 11 bankruptcy to facilitate a sale process aimed at maximizing business value following a rejected acquisition offer from CEO Anne Wojcicki and her affiliates [1] - The company has proposed an auction for its assets on May 14, raising concerns about the potential sale of customer genetic data due to bankruptcy [2] - 23andMe maintains that the Chapter 11 filing does not alter how it stores, manages, or protects customer data, and customers will retain access to their accounts and genetic reports during the process [3] Data Privacy Concerns - Customers' genetic data may be sold to the highest bidder, prompting concerns regarding privacy and legal protections [2] - Bidders in the auction must comply with the company's privacy practices, which do not restrict the transfer of personally identifiable information during bankruptcy or asset sales [4] - New York Attorney General issued a consumer alert, providing instructions for customers on how to delete their personal data and destroy genetic samples held by the company [3] Recent Incidents - In 2023, a data breach occurred when a threat actor accessed several accounts through credential stuffing, with the company learning of the breach in October 2023 [5] - The company settled lawsuits related to the breach for $30 million, but objections have been raised regarding the settlement's design to undermine claimants' rights [6] - Following the bankruptcy news, 23andMe's stock price fell by 11.7%, trading at $0.64 [6]

Core Viewpoint - 23andMe, a US genetic testing company, has filed for bankruptcy and is seeking a buyer after rejecting a takeover offer from its resigning CEO [1][3]. Company Overview - 23andMe offers a mail-back saliva test for ancestry and health-related genetic traits for under $200 [2]. - The company has approximately 15 million customers [4]. Financial and Operational Challenges - The company has experienced a decline in sales in recent months [4]. - 23andMe has agreed to pay around $37.5 million to settle claims related to a data breach that occurred in 2023 [4]. - In response to financial difficulties, the company announced the dismissal of 40% of its staff, approximately 200 employees, and suspended its research programs [4]. Leadership Changes - Co-founder and CEO Anne Wojcicki has resigned but will remain on the board of directors [3]. - Wojcicki expressed disappointment over the rejection of her takeover bid but intends to pursue the company as an independent bidder [3].

Core Insights - Beam Therapeutics Inc. announced initial safety and efficacy data from its Phase 1/2 trial of BEAM-302, showing clinical proof-of-concept for treating alpha-1 antitrypsin deficiency (AATD) and in vivo base editing [1][3] Group 1: Safety and Efficacy Data - Preliminary results from the first three single-ascending dose cohorts indicated that BEAM-302 was well tolerated, leading to durable dose-dependent correction of the disease-causing mutation [2] - Following a single infusion of BEAM-302, there were rapid, durable, and dose-dependent increases in total AAT, new production of corrected M-AAT, and decreases in mutant Z-AAT observed in circulation [3][6] Group 2: Future Plans - The company plans to continue the dose-escalation portion of Part A of the ongoing Phase 1/2 trial, including enrolling and dosing a fourth dose cohort, with further data expected to be reported at a medical conference in the second half of 2025 [4] - Beam Therapeutics intends to dose the first patient in Part B, targeting AATD patients with mild to moderate liver disease, in the second half of 2025 [4] Group 3: Financial Actions - Beam Therapeutics priced an underwritten offering of 16.15 million shares at $28.48 per share and pre-funded warrants to purchase 1.4 million at $28.47 per pre-funded warrant, with approximately $500 million in gross proceeds [5]

Group 1 - The article emphasizes that investing is a learning process, where failures serve as tuition and successes contribute to lessons learned [1] - The author has approximately five years of focused research on various stocks, with a primary emphasis on healthcare stocks in recent years [1] Group 2 - There is no current stock, option, or similar derivative position in any of the companies mentioned, but there is a possibility of initiating a beneficial long position within the next 72 hours [2] - The article expresses personal opinions and is not compensated beyond contributions to Seeking Alpha [2]

Core Insights - bioMérieux has launched GENE-UP® TYPER, a real-time PCR solution designed for rapid pathogen detection and root cause analysis in the food industry [1][2][3] Industry Context - The World Health Organization estimates that 600 million people fall ill annually due to contaminated food, leading to health risks, costly recalls, and reputational damage for food industries [4] - Despite stringent monitoring, contamination incidents can still occur, necessitating effective root cause analysis solutions to identify process breakdowns and implement corrective actions [4] Product Details - GENE-UP® TYPER is an automated food pathogen detection solution that accelerates decision-making by providing faster insights into strain identity [5] - The solution involves DNA extraction and amplification, followed by analysis through the AUGMENTED-DX web application, which utilizes machine learning to identify and cluster strains [6] - This application builds a history of strain clusters in production facilities, aiding in tracing contamination sources and improving production control [6] Strategic Partnerships - bioMérieux collaborates with Mérieux NutriSciences to enhance food safety and quality standards, leveraging over 30 years of expertise in industrial applications [7][8] - Mérieux NutriSciences retains co-exclusive rights for testing in key geographies, ensuring the solution is accessible to food and beverage processors [8] Market Position - bioMérieux is a leader in in vitro diagnostics, with revenues reaching €3.7 billion in 2023, and operates in 45 countries, serving over 160 countries globally [9][10]

Core Insights - Quoin Pharmaceuticals Ltd. has launched the "NETHERTON NOW" campaign to raise awareness about Netherton Syndrome, a genetic disease with a high misdiagnosis rate and a significant mortality rate among affected infants [1][4] - The company is conducting four clinical studies on QRX003, a treatment for Netherton Syndrome, with recent data indicating its potential efficacy [3][8] - The NETHERTON NOW website serves as a resource hub for patients and families, promoting education and advocacy for those affected by the disease [4][6] Company Overview - Quoin Pharmaceuticals is a clinical-stage specialty pharmaceutical company focused on rare and orphan diseases, with a pipeline that includes products targeting multiple conditions [9] - QRX003 is a topical lotion designed to improve skin barrier function in Netherton Syndrome patients by mimicking the action of a specific protein absent in these patients [8] Clinical Development - The company has received FDA clearance to initiate a "whole body" clinical study for QRX003, marking a significant step in its clinical development [3] - Quoin aims to compile a robust data package to support regulatory approval filings in the US, EU, and 61 other countries [3][4] Patient Impact - Netherton Syndrome leads to severe skin issues, chronic infections, and a high risk of dehydration, significantly affecting patients' quality of life [2][7] - The campaign aims to address the emotional and social challenges faced by patients and their families, emphasizing the need for better understanding and treatment options [4][5]

Core Insights - 23andMe Holding Co. has launched a new polygenic risk score (PRS) report for osteoporosis, aimed at helping customers understand their genetic risk and actionable lifestyle changes to mitigate it [1][5][6] Company Overview - 23andMe is a leading human genetics company focused on making the human genome accessible and beneficial for individuals [1][8] - The company has a commitment to developing genetic reports that impact women's health, with existing offerings including reports on breast cancer, gestational diabetes, and polycystic ovary syndrome (PCOS) [5] Osteoporosis Insights - Osteoporosis affects approximately 12.3 million Americans, with an additional 40 million having osteopenia, a less severe form of low bone density [2] - The condition is more prevalent in women and becomes more common with age, with risk factors including family history, body frame size, certain medications, and other health conditions [3][4] - Early diagnosis of osteoporosis is crucial as it is highly actionable, with medications available to slow bone loss and lifestyle changes that can help prevent falls [4] PRS Report Details - The osteoporosis PRS report utilizes a statistical model based on genetic data from 23andMe's proprietary research database, estimating the likelihood of developing osteoporosis by considering genetic markers, ancestry, and birth sex [5][6] - Genetics is estimated to account for approximately 60-80% of the variability in bone density [5] - The report does not cover all possible genetic variants or non-genetic factors that may influence osteoporosis risk [7]