Regeneron rises on deal to buy 23andMe for $256 million

ReutersMay 19, 2025 1:28 PM

Shares of drugmaker Regeneron Pharmaceuticals REGN.O rise 2% to $606 premarket

REGN says it has agreed to buy bankrupt genetic testing firm 23andMe Holding for $256 million

The agreement excludes the purchase of 23andMe's telehealth service Lemonaid Health

23andMe's bankruptcy proceedings had drawn scrutiny from lawmakers who warned that genetic data of millions of customers could be sold to unscrupulous buyers

Regeneron says it will comply with 23andMe's privacy policies and applicable laws with respect to the use of customer data and that it is ready to detail its intended use of the data to a court-appointed overseer

As of last close, REGN down 16.6% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

US-Iran Tensions Heat Up Again, Brent Crude Prices Return Above $100

TradingKey - Oil prices surge as US-Iran clashes resume following a brief de-escalation.

Tesla Opens Up Over 2%, Shares Return to $400, Here Is What Investors Need to Note

TradingKey - During the US market opening session on May 7, Tesla (TSLA.US) shares extended their rebound momentum, rising more than 2% at one point to open at $406, returning above the $400 level. On May 5 and 6, the stock touched the $400 mark intraday but closed below that threshold on both days.

SpaceX IPO Approaches: Musk Dissolves xAI into SpaceX and Subleases 300MW Compute to Anthropic; Can the $2 Trillion Valuation Hold?

TradingKey - On Wednesday (May 7), Anthropic reached an agreement with Elon Musk's SpaceX to access SpaceX's massive data center 'Colossus 1.' Meanwhile, Musk announced that xAI would be dissolved as an independent company and renamed SpaceXAI, becoming an AI product line within SpaceX. Can SpaceX's

Micron Stock Forecast: Can the AI Memory Super-Cycle Drive MU to $3,000 by 2030?

With a sold-out HBM pipeline, leadership in G9 NAND technology, and a valuation that has yet to fully account for its 2030 trillion-dollar potential, Micron remains a cornerstone "buy" for any long-term tech portfolio.

Gold Price Forecast: U.S.-Iran Tensions Ease, Nonfarm Payrolls Looming, What’s Next for Gold?

TradingKey - After retesting the $4,500 level this Monday, gold prices (XAUUSD) staged a strong recovery of over $200 across Tuesday and Wednesday, breaking above the $4,700 mark. As of press time today (May 7), the gold price maintains its upward momentum, trading at $4,748.77. The $4,800 threshold

Featured Tools