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Regeneron Buys 23andMe in Bankruptcy Auction

1. Regeneron to purchase 23andMe for $256 million in bankruptcy auction. 2. The acquisition supports 23andMe's continued DNA testing services post-bankruptcy. 3. Regeneron aims to enhance genetic research through this acquisition. 4. Deal expected to close in Q3, pending approvals. 5. Recent trading shows REGN shares down 0.4% and 17% down for 2025.

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FAQ

Why Bullish?

The acquisition can create new growth avenues, similar to REGN's gene therapy successes.

How important is it?

This acquisition aligns with REGN's long-term strategy, making it materially impactful.

Why Long Term?

The strategic partnership may yield substantial research benefits over years, not just months.

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