Overview

• TTAM Research Institute’s $305 million bid outstripped Regeneron’s $256 million offer and requires approval at a bankruptcy court hearing on June 17
• The UK Information Commissioner’s Office fined 23andMe £2.31 million for a 2023 breach that exposed sensitive genetic and personal data of about 7 million customers
• More than half of US states have sued to block the sale over fears of genetic data transfer while roughly 15 percent of customers have requested their data be deleted
• TTAM has pledged to uphold existing privacy policies, enable account and data deletion, opt-outs from research and to create a consumer privacy advisory board
• A court-appointed watchdog warns that operating as a nonprofit could place TTAM’s data safeguards beyond the reach of key consumer privacy laws