23andMe has a path to a higher purchase price than the $256 million offered by biotech giant Regeneron after the genetic-testing company’s former chief executive pushed a bankruptcy court to reopen its sale process.
23andMe was set to sell itself in bankruptcy to Regeneron before former CEO Anne Wojcicki bid $305 million after the auction ended through her recently founded nonprofit TTAM Research Institute. Wojcicki’s bid dwarfs her previous offer to acquire the company for $40 million just ahead of its March bankruptcy filing.
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