May 10, 2024

AndronETalksNews

AndronETalksNews

Drugmakers Are Set to Pay 23andMe Millions to Access Consumer DNA

Bloomberg

By Kristen V Brown
October 30, 2023 at 8:00 AM EDT

GSK Plc will pay 23andMe Holding Co. $20 million for access to the genetic-testing company’s vast trove of consumer DNA data, extending a five-year collaboration that’s allowed the drugmaker to mine genetic data as it researches new medications.

Under the new agreement, 23andMe will provide GSK with one year of access to anonymized DNA data from the approximately 80% of gene-testing customers who have agreed to share their information for research, 23andMe said in a statement Monday. The genetic-testing company will also provide data-analysis services to GSK.

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