Rolfe Winkler, Alicia McElhaney, and Joseph Walker report:
Anne Wojcicki, the co-founder and former CEO of 23andMe, is poised to regain control of the DNA-testing company after a nonprofit she controls topped a prior bid.
[…]
Hovering over the bankruptcy proceedings—and a sale—is what will happen to customers’ genetic data under new ownership.
Customer fears sparked a congressional hearing this week and a lawsuit from 28 state attorneys general seeking to block a sale.
Nearly 2 million 23andMe customers deleted their data from the company’s database following the bankruptcy filing, its current chief executive said during the hearing. That represented roughly 15% of the company’s total customers.
Read more at the Wall Street Journal.