tiprankstipranks
23andMe weighs splitting consumer, therapeutics units, Bloomberg says
The Fly

23andMe weighs splitting consumer, therapeutics units, Bloomberg says

23andMe CEO Anne Wojcicki is considering splitting the company’s consumer and therapeutics businesses in an effort to revive the stock price and avoid being delisted, Kristen Brown of Bloomberg reports “We’re exploring different opportunities,” Wojcicki said in an interview with Bloomberg. “When we decided to do drug discovery, it was a commitment to saying we are going to be burning cash,” said Wojcicki.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on ME:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles