Who owns 23andme

Bloomberg News reported news of a potential deal last week. A merger with a special purpose acquisition company, or SPAC, allows 23andMe to go public without the uncertainty or holding an initial public offering. Now more than ever, she said, people are interested in preventative health care.

The influx of new capital will allow the company to expand its efforts in developing therapeutics from its trove of genetic data, according to Wojcicki. In the s, Branson founded the Virgin Group that now owns hundreds of companies. Co-founded in by Wojcicki, 23andMe sells direct-to-consumer genetic testing kits.

Wojcicki then pivoted to ancestry testing, and later re-launched a health-care test after gaining Food and Drug Administration approval. Skip Navigation. Key Points.

In this article. The newest trade in the stock market is "ME. VIDEO But she added that consumers have shown they want this information to help them make decisions. David Spiegel. Opendoor shares soar as investors predict gains in home buying market after Zillow's exit. Wojcicki will continue to serve as CEO of the new 23andMe, the same position she has held in the company for 15 years.

In those same years she has also had three children, married and divorced Google cofounder Sergey Brin and weathered an order from the U.

This is a BETA experience. You may opt-out by clicking here. Edit Story. Leah Rosenbaum Former Staff.