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23andMe Receives Court Approval for Sale to TTAM Research Institute, a Nonprofit Public Benefit Corporation
Globenewswire· 2025-06-30 12:00
Core Viewpoint - 23andMe Holding Co. has received approval from the U.S. Bankruptcy Court for the sale of its assets and ongoing business operations to TTAM Research Institute for $305 million, marking a significant step in the company's transition to a nonprofit model [1][2]. Group 1: Transaction Details - The sale includes substantially all of 23andMe's assets, such as the Personal Genome Service (PGS) and Research Services business lines, as well as the Lemonaid Health business [2]. - The transaction is expected to close in the coming weeks, pending customary closing conditions [1]. Group 2: Company Mission and Future - The acquisition by TTAM is aimed at continuing 23andMe's mission of helping individuals access and understand their genetic information for health benefits [2][3]. - TTAM, as a nonprofit, will focus on improving public knowledge of DNA and enhancing healthcare access globally [3]. Group 3: Customer Data and Privacy - TTAM is committed to providing customers with choice and transparency regarding their genetic data, including options to change their participation in research [3]. - The organization will adhere to 23andMe's existing privacy policies and implement additional consumer protections for customer data [3].
23andMe (ME) Earnings Call Presentation
2025-06-25 11:31
February 2025 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the future performance of 23andMe's businesses in consumer genetics and therapeutics and the growth and potential of its proprietary research platform. All statements, other than statements of historical fact, included or incorpor ...
23andMe Reaches Agreement for Sale of Business to TTAM Research Institute Following Final Round of Bidding in Court-Approved Sale Process
Globenewswire· 2025-06-13 20:22
Core Viewpoint - 23andMe has entered into a definitive agreement to sell substantially all of its assets to TTAM Research Institute for $305 million, following a competitive bidding process that included Regeneron Pharmaceuticals as a backup bidder [2][3]. Group 1: Transaction Details - The sale includes the Personal Genome Service (PGS), Research Services business lines, and Lemonaid Health business [2]. - The transaction is subject to approval by the U.S. Bankruptcy Court, with a hearing scheduled for June 17, 2025 [7]. - The agreement with TTAM will replace a previously announced acquisition agreement with Regeneron for $256 million [5]. Group 2: Privacy and Consumer Protections - TTAM has committed to comply with 23andMe's privacy policies and applicable laws, ensuring customer data is processed according to existing consents and privacy statements [4]. - Additional consumer protections include honoring customer rights to delete accounts and genetic data, notifying customers before closing, and establishing a Consumer Privacy Advisory Board within 90 days [6]. - TTAM will offer two years of free identity theft monitoring to customers and will continue to allow de-identified data to be used for research [6].
HYPR Stock Jumps on NVIDIA Partnership to Advance AI Neuroimaging
ZACKS· 2025-03-18 17:31
Core Insights - Hyperfine, Inc. (HYPR) has announced a strategic collaboration with NVIDIA to integrate advanced AI technologies into its Swoop Portable MRI system, aiming to enhance neuroimaging solutions and improve accessibility for brain scans [1][2] Company Developments - The partnership with NVIDIA emphasizes Hyperfine's commitment to revolutionizing neuroimaging by combining portable MRI technology with advanced computational platforms, positioning the company to improve patient outcomes and expand its leadership in point-of-care imaging [2] - Following the announcement, HYPR shares surged 39.3%, closing at $1.28, with a 33.3% gain over the past six months, outperforming the industry which declined by 9.2% [3] - The collaboration is expected to enhance the speed, intelligence, and accessibility of Hyperfine's MRI systems, potentially attracting more healthcare providers and improving revenue growth and market share [4] Financial Performance - Hyperfine currently has a market capitalization of $93.4 million and reported a 12.5% earnings surprise in the last quarter [5] - In 2024, Hyperfine reported revenues of $12.89 million, a 17% increase, and sold 48 Swoop MRI systems, improving its gross margin to 46%, while narrowing its net loss to $40.72 million [10] Market Context - Over three billion people globally suffer from brain diseases, with many lacking timely MRI access due to high costs and infrastructure needs; Hyperfine's AI-powered portable MRI aims to address this issue by providing affordable, point-of-care imaging [6] - The Swoop Portable MRI system is the first FDA-cleared portable MRI designed for bedside use, allowing rapid neuroimaging results without the need to transport critically ill patients [8] - The collaboration with NVIDIA will focus on advancing AI-powered image reconstruction and real-time clinical decision support, enhancing image quality and reducing scan times [9]
黄仁勋,买下一个团队
投资界· 2024-12-07 07:14
下一个黄金赛道。 作者 I 岳笑笑 报道 I 投资界PEdaily 黄仁勋又出手了。 本周,黄仁勋现身越南,期间宣布一则消息:英伟达已收购越南医疗保健初创公司 Vi nBr a i n。 这一笔交易看似意外,却又有迹可循。今年以来,黄仁勋在多个公开场合强烈表示了对AI医疗的狂热。这一次,他买下越南明星AI医 疗大模型公司——Vi nBr a i n,成为押注AI医疗的又一注脚。如今打开Vi nBr a i n的官网,"Vi nBr a i n is now a pa rt of NVIDIA"的通知 已经出现在主页。 买了一个AI医疗团队 被黄仁勋看中,Vi nBr a i n有何来头? 资料显示,Vi nBr a i n的创始人是St e ve n Tr u on g。他曾在人工智能和软件行业工作了26年,就职于霍尼韦尔、I n t e lliCommuniti e s等顶 级技术公司,还是微软人工智能产品平台的关键发起人。 图源官网 2019年,St e ve n Tr uong回到越南,在照顾中风的年迈母亲时,他感受到到医院过度拥挤给患者及其家人带来的不便。结合自身经 历,他产生了将AI与医疗结合创业的 ...