A hacker or hackers have accessed nearly seven million profiles of 23andMe customers, a spokesperson for the genetic testing firm told CNN on Tuesday, including in some cases users’ ancestry reports, zip codes and birth years.
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Drug giant GSK has struck a $20 million one-year deal to gain access to genetics information from 23andMe. The news comes just ahead of GSK’s latest financial report which is due Wednesday.
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23andMe, one of the best-known genetic testing companies once valued at more than $2 billion has laid off 14 percent of its employees on the consumer side of the business, according to PitchBook and CNBC.
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Since the beginning of July, female founders in the U.S. have raised a significant amount of capital—higher than quarters in the recent past, according to Pitchbook data.
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Drug giant GlaxoSmithKline is investing $300 million in genetics startup 23andMe as part of a four-year exclusive agreement with the company to partner in a search for new medicines and cures.
Read MoreThe two DNA testing services with the largest databases are AncestryDNA and 23andMe. The author tried both. Here are the results.
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Companies vying for talent offer an unusual array of benefits like college loan repayment, egg freezing, surrogacy assistance and, for new mothers away on business trips, overnight breast milk shipping. Some companies have added genetic screening. Is that a good idea? A UNC professor has doubts.
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Those concerned about their risk for breast cancer will soon be able to test themselves for genetic mutations at home.
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