23andMe sold to Pharma company
- Thread starter Juke
- Start date
The alchemist
VIP
They're going to use the data for research while maintaining the company's commercial consumer product setup.
The amount of data will give them refined information to produce better drug research, which is going to give them a pharmaceutical market cap increase. I said this a long time ago, 23andMe was initially set up to leverage the sample base to become what Regeneron is using it for, but it never reached there through its own business propagation.
23andMe had a good proof of concept, but the issue is that the revenue potential constantly sloped. Buying their services is not a continuous cash regenerative per person. Marketing potential for new users goes down because they get strapped for cash, and they have probably reached the limit of the customer potential. What I mean here is that within their marketing capacity, with limited finances. One can increase 23andMe's customers by marketing it heavily, though it costs money they do not have.
The amount of data will give them refined information to produce better drug research, which is going to give them a pharmaceutical market cap increase. I said this a long time ago, 23andMe was initially set up to leverage the sample base to become what Regeneron is using it for, but it never reached there through its own business propagation.
23andMe had a good proof of concept, but the issue is that the revenue potential constantly sloped. Buying their services is not a continuous cash regenerative per person. Marketing potential for new users goes down because they get strapped for cash, and they have probably reached the limit of the customer potential. What I mean here is that within their marketing capacity, with limited finances. One can increase 23andMe's customers by marketing it heavily, though it costs money they do not have.
The alchemist
VIP
I did not. I'm going in raw.
I got a message saying the data would be maintained in the same way by them, iirc. I'm curious if this new corporation will stimulate it and improve things. More refinement. 23andMe stopped updating chips for us for years. It was a letdown.
I never understood the fear of people, I'm excited to see what improvements they make.
The alchemist
VIP
There are general concerns for these companies, sxb. They have a snapshot of your genetic data. One should think a couple of times before giving consent and have basic healthy skepticism.
If I were American, I would be more worried, but GDPR is very strict in the EU.
Nah, this is close to the best possible scenario. 23andMe was already tryna do drug discovery but failed. The real disaster would've been a PE firm buying it then immediately licensing off the database to every possible entity that would've been interested be they health insurance companies seeking to mitigate risk or shady chinese biotech companies conducting underground experiments
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The alchemist
VIP
GDPR has stricter legal regulatory conditions, however, hacking and long-term use should still make people at least aware of risks and the gravity.
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3LetterzMM
LG gang we gon slide for my nigga 🤐🥷
If they really wanted to use it to target certain groups of people then I doubt it'd matter if you put ur dna in there or not either it affects you or it doesn't.
3LetterzMM
LG gang we gon slide for my nigga 🤐🥷
Don't do it the police will have access to your dna so if you hypothetically spit on the floor or leave a strand of hair outside and a similar looking dude shoots up that same spot let's say an hour later forensics will find ur spit or hair and use that to frame you. Even if you have solid proof of your innocence the justice system moves at an insanely slow rate so you'll be in jail for months before you even get ur day in court.
In the end, she bought her company back for ~$20/sample
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I kind of want to do one
