23andm On Sunday, has filed a record in the United States after struggling with the fallout from a data violation and a low demand for its ancestry test kits which appeared in the annual list of favorite things of Oprah Winfrey simply eight years ago.
Biotechnological unicorn has experienced a sharp drop in its market value since then. On Monday, his shares fell 46% to 96 cents after the co-founder and CEO of Anne Wojcicki, who made several takeover offers, also resigned.
Wojcicki will be replaced by the financial director Joe Sentsavage on a provisional basis.
In 2021, the spac of billionaire Richard Branson took 23 and public at an assessment of $ 3.5 billion. Ancestrydna, which offers similar tests, was also bought by Blackstone Group the same year, despite the slowdown in sales for the two genetic test companies.
Get health news on health
Receive the latest medical information and health information provided to you every Sunday.
A five -month data violation in 2023 which exhibited personal data of nearly seven million customers brought a major blow to the reputation of 23andme. At the end of last year, he dismissed 200 employees and stopped the development of all therapies.
He also agreed with a regulation of $ 30 million in a trial linked to the violation.
Wojcicki has been pressure for a takeover since last April but was rejected by the 23andme board of directors. She would have used her contacts, notably the ex-husband and the co-founder of Google Googl.o, Sergey Brin, to help generate initial investments.
She intends to make another offer, said Wojcicki in an article on X on Monday, without giving details. Its latest offer of 41 cents per share worth 23 and about $ 11 million, below its current value of $ 50 million, and a big cry of its peak of $ 6 billion in 2021.
23ANDME obtained a funding commitment of around $ 35 million on Sunday and will continue to operate during the sales process. He did not say if he had other buyout offers or interests.
He listed the assets and liabilities estimated between $ 100 and $ 500 million.