23andMe Board Explores Strategic Alternatives Amid Restructuring

Jan 29, 2025 · 23andMe Holding Co. (ME, Financials) announced that its board's Special Committee is reviewing strategic alternatives, including a potential sale, business combination, …

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23andMe Announces Business Restructuring To Streamline …

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Nov 11, 2024 · Reduces workforce by roughly 40%; expects annualized cost savings of more than $35 million Discontinues development of therapeutics division and commences strategic …

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23andMe Is Exploring Strategic Alternatives, Looking To Raise Capital

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Jan 28, 2025 · 23andMe said it's started exploring strategic alternatives, including a possible sale. The company released third-quarter results that showed an 8% drop in consumer services …

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23andMe Cuts 40% Of Its Workforce, Discontinues All Therapy …

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Nov 11, 2024 · Genetic testing firm 23andMe said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as …

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23andMe Might Sell Itself As It Runs Out Of Money - Quartz

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Jan 29, 2025 · 23andMe (ME-5.57%), the company that popularized consumer genetic testing, announced Tuesday that it is once again exploring “ strategic alternatives,” which could …

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23andMe's Tumultuous Year: Data Breach Settlement, Privatization …

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Jan 11, 2025 · 23andMe faces turbulent year with $30 million data breach settlement and privatization efforts. CEO Anne Wojcicki proposes going private amid financial struggles. …

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$10M Transloding Facility Signs Deal With North Bergen To Prep For ...

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Jan 12, 2022 · Strategic Rail Solutions has signed an impact fee agreement with North Bergen to help prep for major projects like the Gateway Tunnel.

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FAQs about 23andMe Board Explores Strategic Alternatives Amid Restructuring Coupon?

Does 23andMe have a special committee?

The board of 23andMe previously formed the Special Committee, which is comprised of independent directors, to review strategic alternatives that may be available to 23andMe. The Special Committee has engaged Moelis & Company as its financial advisor and Goodwin Procter LLP as its legal advisor. ...

Does 23andMe Holding Co (me) have strategic alternatives?

Watch here. 23andMe Holding Co. (ME, Financials) announced that its board's Special Committee is reviewing strategic alternatives, including a potential sale, business combination, asset sales, restructuring, or other options, the company said in a statement. Warning! GuruFocus has detected 6 Warning Signs with ME. ...

Does 23andMe have a restructuring plan?

After Monday’s restructuring plan, the company expects annualized cost savings of more than $35 million. Genetic testing firm 23andMe said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as part of a restructuring program. ...

Does 23andMe have a strategic review?

For its internal medicines initiatives, the business has started looking for strategic substitutes including possible asset sales or licencing deals. Unless a clear agreement is achieved or legal disclosure is mandated, 23andMe does not intend to provide any updates on its strategic review. ...

What is 23andMe and how does it work?

23andMe is a service that allows users to explore their genetic origins and carrier status for some of the most dangerous genetic diseases. The service is one of the top DNA tests available, and this guide covers potential alternatives. ...

What's happening at 23andMe?

In addition, 23andMe is discontinuing further development of all its therapeutics programs, while evaluating strategic alternatives for its clinical and preclinical assets. The Company is reducing its overall headcount by over 200 employees, representing approximately 40% of the workforce. ...