Latest news with #23andMeHoldingCo.
Mint
06-05-2025
- Business
- Mint
23andMe Expects Multiple Bids for Genetic Data, Lawyer Says
Bloomberg Updated 7 May 2025, 01:18 AM IST (Bloomberg) -- Multiple bidders are likely to submit offers for the DNA data bank and other assets of bankrupt genetic-testing firm 23andMe, according to a lawyer for the company. Although 23andMe was unable to land a lead bidder willing to make a binding offer, attorney Christopher Hopkins said during a Tuesday court hearing that the firm expects to go forward with an auction because of the 'robust' interest it has received so far. 'Our expectation is that we will receive multiple competitive bids by tomorrow's deadline,' he told US Bankruptcy Judge Brian C. Walsh. The company negotiated with potential buyers regarding a binding, opening offer, but failed to do so despite two extensions amid concerns about how customer data would be handled as part of the sale. A privacy ombudsman has been named to monitor the process to ensure compliance with privacy policies related to the genetic material submitted by millions of customers. That material, and the genetic data it produced, is 23andMe's most valuable asset. The company has said any buyer must comply with current privacy protections and federal regulations. In the months leading up to March's bankruptcy filing, 23andMe tried to attract a buyer while struggling to end a class-action lawsuit related to a 2023 data breach that gave hackers access to customer information. The company will try to resolve those claims as part of the bankruptcy. The case is 23andMe Holding Co., number 25-40976, in the US Bankruptcy Court for the Eastern District of Missouri. More stories like this are available on
Yahoo
27-03-2025
- Business
- Yahoo
Bankrupt 23andMe's DNA Data Gets Nod for Sale as Concerns Linger
(Bloomberg) -- Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers' medical and ancestry-related data, a trove that is considered the most valuable asset in the insolvency case — and has become a source of privacy and safety concerns amid the company's collapse. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? How SUVs Are Making Traffic Worse Trump Slashed International Aid. Geneva Is Feeling the Impact. These US Bridges Face High Risk of Catastrophic Ship Strikes Under the sale procedures, the company set quick deadlines for potential bidders, including May 7 when definitive offers are due, and a final hearing the following month. But US Bankruptcy Judge Brian C. Walsh required the company to slow the overall pace by two weeks, in part to accommodate his schedule and in part to give creditors a chance to weigh in before the court makes a final decision on a buyer. 'My overall reaction to the timeline is that it's pretty tight,' Walsh said at the company's first bankruptcy hearing, held in St. Louis. At his request, the company agreed to push back the final court hearing for possible sale from June 2 to June 17. Walsh's ruling didn't resolve concerns raised by the looming auction of the sensitive data or complaints from shareholders about the months 23andMe spent trying to find a buyer before filing for court protection earlier this week. 23andMe hasn't been profitable since going public in 2021 despite collecting DNA from saliva samples from more than 15 million customers. Now, those samples — and the genetic data they yielded — have become the bankrupt company's most marketable asset, and the prospect of the sensitive information being put up for auction has sparked anxieties among customers worried about how and where of their material may be used. Bankruptcy officials have also raised concerns. Walsh at the hearing said speed in the sale process is partly justified because the company spent so much time trying to find a buyer before it filed bankruptcy. But the goal, he added, should be to 'balance the desire to move quickly with the desire to avoid collateral damage.' Sale Oversight Carole J. Ryczek, a lawyer with the US Trustee's office, which acts as a public watchdog in bankruptcy court, told Walsh that a privacy ombudsman is necessary to oversee the sale of customers' private genetic information. The bankruptcy case 'needs a neutral third party' involved in the sale process to protect customers, Ryczek said. Company lawyers and company investment bankers declined to comment on the value of the customer data. Walsh declined to say whether he would support a consumer privacy ombudsman, or how he would respond to a demand by two investors that he appoint an official committee to represent shareholders. Those shareholders complained about how the company tried to sell itself before filing for court protection. 23andMe lawyer Grace Hotz argued that an ombudsman was unnecessary because of the extensive privacy policies. The company has said the Chapter 11 reorganization doesn't change how it stores or protects personal data and that any buyer will be required to comply with applicable laws with regard to treatment of such information. The company allows customers to delete the genetic details and other information in their account and to have their saliva, blood or other bodily tissues removed from the company's 'biobank,' according to court documents. In the wake of 23andMe's bankruptcy, a handful of state attorneys general issued consumer alerts instructing customers about how to delete their data, prompting a rush of customers to the company's website. 23andMe said that its website 'experienced some issues and delays due to increased traffic' on Monday as users sought to delete their data before it is sold. 23andMe filed for bankruptcy protection on March 23 after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki. Its first bankruptcy hearing Wednesday took place far from the company's home in Silicon Valley, and was also well away from the courtrooms in New York, Delaware and Houston that have dominated the business of restructuring major corporations for more than a decade. The company will return next month to seek final approval of a loan to help fund the bankruptcy case. First 'Mega' Case The case is also designed to resolve legal troubles related to a data breach in 2023, according to a statement. That hack compromised information about roughly seven million customers, including giving a hacker direct access to about 14,000 user accounts. The company faces about 35,000 claims related to the incident. Walsh is overseeing his first 'mega' bankruptcy case, which is generally defined as any Chapter 11 filing involving more than $100 million in debt, according to court officials. During his career as a commercial lawyer, Walsh was involved in several such cases, including one bankruptcy dispute he argued in front of the US Supreme Court, lawyers who know Walsh said. Sporting a bright blue bow tie, Walsh oversaw the hearing in an efficient, even-toned fashion. About three dozen people attended, most of whom were lawyers, including some who were merely curious. 'I just came to watch Brian,' said bankruptcy attorney David Unseth, who practiced with Walsh for more than a decade before the judge was appointed to the bench in 2023. Walsh was appointed to the bankruptcy court in St. Louis in 2023, after working as lawyer for 25 years, including several years overseeing the restructuring practice of Bryan Cave Leighton Paisner in St. Louis. The case is 23andMe Holding Co., 25-40976, U.S. Bankruptcy Court Eastern District of Missouri (St. Louis). --With assistance from Jonathan Randles. Business Schools Are Back Google Is Searching for an Answer to ChatGPT A New 'China Shock' Is Destroying Jobs Around the World The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? How TD Became America's Most Convenient Bank for Money Launderers ©2025 Bloomberg L.P. Sign in to access your portfolio
USA Today
25-03-2025
- Business
- USA Today
Concerned after 23andMe bankruptcy? Here's a guide on how to download and delete your data
Concerned after 23andMe bankruptcy? Here's a guide on how to download and delete your data Show Caption Hide Caption After 23andMe goes bust, experts say users should delete their data After DNA testing firm 23andMe filed for bankruptcy this week, experts say users need to take action to protect their data. 23andMe filed for Chapter 11 bankruptcy on Sunday. The company says no changes will be made to how it stores, manages or protects customer data up until the sale of its assets is finalized. 23andMe users can download genetic, registration and web behavior, and self-reported information from their accounts ahead of the sale. One of the most popularly-recognized biotechnology companies, 23andMe, has filed for bankruptcy. Before the company sells it assets, users are able to download and delete their data, if they wish. 23andMe Holding Co. announced on Sunday, March 23 that it started voluntarily filing for Chapter 11 Bankruptcy with plans to "sell substantially all of its assets," according to a news release. The company intends to operate business as usual until the sale is completed, with no changes to how the company stores, manages or protects customer data. The bankruptcy announcement came the same day as 23andMe founder and CEO Anne Wojcicki resigned. As the bankruptcy is finalized, here's how 23andMe users can download and delete their data from the platform. What type of data can you download from 23andMe? There's different data that 23andMe users can download from their profiles, including genetic information, registration and web behavior information, and self-reported information. Here are the different types of data: Reports summary : Brief description of all 23andMe report results : Brief description of all 23andMe report results Ancestry composition raw data : Genomic coordinates for ancestry composition results (CSV format) : Genomic coordinates for ancestry composition results (CSV format) DNA relatives data : Shared DNA segments and profile data for DNA Relatives (CSV format) : Shared DNA segments and profile data for DNA Relatives (CSV format) Raw data : Genetic data in its raw, uninterpreted format − As, Ts, Gs and Cs (Text format) : Genetic data in its raw, uninterpreted format − As, Ts, Gs and Cs (Text format) Registration and web behavior : Account event history, mailing address associated with account, legal document, gift cards received from 23andMe, changes made to profile name, order history and shared reports : Account event history, mailing address associated with account, legal document, gift cards received from 23andMe, changes made to profile name, order history and shared reports Phenotype data: Data provided through research participation and/or 23andMe profile In DNA, the As (Adenine), Ts (Thymine), Gs (Guanine) and Cs (Cytosine) represent the four nucleotide bases, the building blocks of DNA. How to download raw 23andMe data Raw 23andMe data consists of a user's genotype call data, the As, Ts, Gs and Cs. It is not interpreted. Here's how to access and download raw 23andMe data: Sign in to your 23andMe account Go to "Account Settings" Click "23andMe Data" Request a "raw data download" To request a raw data download, users must confirm their birthdate upon filing the initial request and after receiving a confirmation email a few days later. This confirmation email will be sent two to four days after the request is made. Once the birthdate is confirmed, users can download their raw data. The data will be available to download in a zipped text file. After downloading the zip file to a desktop, unzip it to access its contents. The text file can be opened in a text editor like WordPad or Excel. How to download reports summary, composition raw data and more To access and download 23andMe reports summaries, composition raw data, and other information associated with your account, complete the following steps: Sign in to your 23andMe account Go to "Account Settings" Click "23andMe Data" Request the following: Reports Summary Ancestry Composition Data Family Tree Data Imputed Genotype Data R6 Phased Genotype Data Profile Data Requests can be made for multiple files at once. The Reports Summary and Ancestry Composition Raw Data are probably the most important files to download, as they contain key DNA test results. Data can only be downloaded from a personal computer, not a public computer or mobile device, the 23andMe website states. How do you delete 23andMe data? Sign in to your 23andMe account Go to "Account Settings" Click "23andMe Data" Click "View" Click "Delete Data" Click "Permanently Delete Data" Confirm request After submitting a request, a user will receive an email detailing the 23andMe account deletion policy, in addition to a further request for confirmation. Upon email confirmation, a user will then lose account access. Once the email confirmation has been completed, users can't request their personal information back, as the deletion process is automatic, according to the 23andMe website. If you are having trouble downloading or deleting data, contact 23andMe's customer service by email at privacy@ Bankruptcy comes six months after class action lawsuit In September 2024, 23andMe agreed to pay a $30 million statement in a class action lawsuit brought against the company for a 2023 data breach that affected 6.9 million customers. The lawsuit accused the company of failing to protect user data and neglecting to notify users of the breach. Account information, location, ancestry reports, DNA matches, family names, profile pictures and birthdates were all a part of the breach. Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@
Yahoo
25-03-2025
- Business
- Yahoo
Concerned after 23andMe bankruptcy? Here's a guide on how to download and delete your data
One of the most popularly-recognized biotechnology companies, 23andMe, has filed for bankruptcy. Before the company sells it assets, users are able to download and delete their data, if they wish. 23andMe Holding Co. announced on Sunday, March 23 that it started voluntarily filing for Chapter 11 Bankruptcy with plans to "sell substantially all of its assets," according to a news release. The company intends to operate business as usual until the sale is completed, with no changes to how the company stores, manages or protects customer data. The bankruptcy announcement came the same day as 23andMe founder and CEO Anne Wojcicki resigned. As the bankruptcy is finalized, here's how 23andMe users can download and delete their data from the platform. There's different data that 23andMe users can download from their profiles, including genetic information, registration and web behavior information, and self-reported information. Here are the different types of data: Reports summary: Brief description of all 23andMe report results Ancestry composition raw data: Genomic coordinates for ancestry composition results (CSV format) DNA relatives data: Shared DNA segments and profile data for DNA Relatives (CSV format) Raw data: Genetic data in its raw, uninterpreted format − As, Ts, Gs and Cs (Text format) Registration and web behavior: Account event history, mailing address associated with account, legal document, gift cards received from 23andMe, changes made to profile name, order history and shared reports Phenotype data: Data provided through research participation and/or 23andMe profile In DNA, the As (Adenine), Ts (Thymine), Gs (Guanine) and Cs (Cytosine) represent the four nucleotide bases, the building blocks of DNA. Raw 23andMe data consists of a user's genotype call data, the As, Ts, Gs and Cs. It is not interpreted. Here's how to access and download raw 23andMe data: Sign in to your 23andMe account Go to "Account Settings" Click "23andMe Data" Request a "raw data download" To request a raw data download, users must confirm their birthdate upon filing the initial request and after receiving a confirmation email a few days later. This confirmation email will be sent two to four days after the request is made. Once the birthdate is confirmed, users can download their raw data. The data will be available to download in a zipped text file. After downloading the zip file to a desktop, unzip it to access its contents. The text file can be opened in a text editor like WordPad or Excel. To access and download 23andMe reports summaries, composition raw data, and other information associated with your account, complete the following steps: Sign in to your 23andMe account Go to "Account Settings" Click "23andMe Data" Request the following: Reports Summary Ancestry Composition Data Family Tree Data Imputed Genotype Data R6 Phased Genotype Data Profile Data Requests can be made for multiple files at once. The Reports Summary and Ancestry Composition Raw Data are probably the most important files to download, as they contain key DNA test results. Data can only be downloaded from a personal computer, not a public computer or mobile device, the 23andMe website states. Sign in to your 23andMe account Go to "Account Settings" Click "23andMe Data" Click "View" Click "Delete Data" Click "Permanently Delete Data" Confirm request After submitting a request, a user will receive an email detailing the 23andMe account deletion policy, in addition to a further request for confirmation. Upon email confirmation, a user will then lose account access. Once the email confirmation has been completed, users can't request their personal information back, as the deletion process is automatic, according to the 23andMe website. If you are having trouble downloading or deleting data, contact 23andMe's customer service by email at privacy@ In September 2024, 23andMe agreed to pay a $30 million statement in a class action lawsuit brought against the company for a 2023 data breach that affected 6.9 million customers. The lawsuit accused the company of failing to protect user data and neglecting to notify users of the breach. Account information, location, ancestry reports, DNA matches, family names, profile pictures and birthdates were all a part of the breach. Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: 23andMe bankruptcy: How to download, delete your data
Yahoo
25-03-2025
- Business
- Yahoo
Concerned about your data after 23andMe bankruptcy? A guide on how to download and delete
One of the most popularly-recognized biotechnology companies, 23andMe, has filed for bankruptcy. Before the company sells it assets, users are able to download and delete their data, if they wish. 23andMe Holding Co. announced on Sunday, March 23 that it started voluntarily filing for Chapter 11 Bankruptcy with plans to "sell substantially all of its assets," according to a news release. The company intends to operate business as usual until the sale is completed, with no changes to how the company stores, manages or protects customer data. The bankruptcy announcement came the same day as 23andMe founder and CEO Anne Wojcicki resigned. As the bankruptcy is finalized, here's how 23andMe users can download and delete their data from the platform. There's different data that 23andMe users can download from their profiles, including genetic information, registration and web behavior information, and self-reported information. Here are the different types of data: Reports summary: Brief description of all 23andMe report results Ancestry composition raw data: Genomic coordinates for ancestry composition results (CSV format) DNA relatives data: Shared DNA segments and profile data for DNA Relatives (CSV format) Raw data: Genetic data in its raw, uninterpreted format − As, Ts, Gs and Cs (Text format) Registration and web behavior: Account event history, mailing address associated with account, legal document, gift cards received from 23andMe, changes made to profile name, order history and shared reports Phenotype data: Data provided through research participation and/or 23andMe profile In DNA, the As (Adenine), Ts (Thymine), Gs (Guanine) and Cs (Cytosine) represent the four nucleotide bases, the building blocks of DNA. Raw 23andMe data consists of a user's genotype call data, the As, Ts, Gs and Cs. It is not interpreted. Here's how to access and download raw 23andMe data: Sign in to your 23andMe account Go to "Account Settings" Click "23andMe Data" Request a "raw data download" To request a raw data download, users must confirm their birthdate upon filing the initial request and after receiving a confirmation email a few days later. This confirmation email will be sent two to four days after the request is made. Once the birthdate is confirmed, users can download their raw data. The data will be available to download in a zipped text file. After downloading the zip file to a desktop, unzip it to access its contents. The text file can be opened in a text editor like WordPad or Excel. To access and download 23andMe reports summaries, composition raw data, and other information associated with your account, complete the following steps: Sign in to your 23andMe account Go to "Account Settings" Click "23andMe Data" Request the following: Reports Summary Ancestry Composition Data Family Tree Data Imputed Genotype Data R6 Phased Genotype Data Profile Data Requests can be made for multiple files at once. The Reports Summary and Ancestry Composition Raw Data are probably the most important files to download, as they contain key DNA test results. Data can only be downloaded from a personal computer, not a public computer or mobile device, the 23andMe website states. Sign in to your 23andMe account Go to "Account Settings" Click "23andMe Data" Click "View" Click "Delete Data" Click "Permanently Delete Data" Confirm request After submitting a request, a user will receive an email detailing the 23andMe account deletion policy, in addition to a further request for confirmation. Upon email confirmation, a user will then lose account access. Once the email confirmation has been completed, users can't request their personal information back, as the deletion process is automatic, according to the 23andMe website. If you are having trouble downloading or deleting data, contact 23andMe's customer service by email at privacy@ In September 2024, 23andMe agreed to pay a $30 million statement in a class action lawsuit brought against the company for a 2023 data breach that affected 6.9 million customers. The lawsuit accused the company of failing to protect user data and neglecting to notify users of the breach. Account information, location, ancestry reports, DNA matches, family names, profile pictures and birthdates were all a part of the breach. Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: 23andMe bankruptcy: How to download, delete your data
