23andMe launches Discover23, allowing secure access to genetic research data for biopharma collaborators to enhance drug development.
Quiver AI Summary
23andMe Holding Co. has introduced Discover23®, a new research platform allowing authorized partners to securely access a vast array of genetic data through a Trusted Research Environment (TRE) developed with Lifebit. This platform grants biopharma collaborators the ability to analyze genome-wide association studies (GWAS) from over 1000 disease cohorts, derived from 4.7 billion phenotypic data points while ensuring participant privacy through data anonymization. With around 84% of its 15 million customers consenting to research participation, 23andMe aims to enable researchers to identify new disease targets and enhance drug development efforts. Both 23andMe's CEO Anne Wojcicki and Lifebit's CEO Dr. Maria Dunford emphasized the promising potential of this collaboration to advance biomedical research securely.
Potential Positives
- Launch of Discover23®, a new research offering that enables authorized collaborators to access 23andMe’s extensive research cohort securely, enhancing collaborations in biomedical research.
- Access to over 1000+ disease and condition cohorts curated from 4.7B phenotypic data points, allowing biopharma partners to identify novel disease biology and potential new drug targets.
- Approximately 84% of 23andMe's 15 million customers have opted into the research program, indicating strong consumer engagement and trust in participating in research.
- Strong privacy protections are emphasized, ensuring customer control over their data and adherence to high ethical standards by using anonymized data for research purposes.
Potential Negatives
- The reliance on forward-looking statements may create uncertainty about the company's future performance and goals, which could be perceived negatively by investors.
- There is a potential risk associated with data privacy and security concerns, as handling vast amounts of sensitive genetic data can lead to breaches or misuse, which could damage the company's reputation.
- The announcement implies a heavy dependency on partnerships and collaborations for growth, which may highlight limitations in the company's ability to generate value independently.
FAQ
What is Discover23®?
Discover23® is a new research offering from 23andMe, enabling secure access to their extensive research cohort for authorized collaborators.
How does Discover23® protect participant privacy?
Participant privacy is safeguarded by stripping personal identifiers from the data used in research, ensuring confidentiality and security.
What types of analyses can partners conduct with Discover23®?
Partners can conduct genome-wide association studies (GWAS) to identify disease biology and potential drug targets using access to large datasets.
Who collaborated with 23andMe to develop the TRE?
Lifebit, a company specializing in secure biomedical data handling, partnered with 23andMe to develop the Trusted Research Environment.
How can interested partners learn more about Discover23®?
Interested partners can contact 23andMe at [email protected] for more information on Discover23® and other analytical offerings.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ME Hedge Fund Activity
We have seen 32 institutional investors add shares of $ME stock to their portfolio, and 100 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- EUCLIDEAN CAPITAL LLC added 9,730,966 shares (+1900.0%) to their portfolio in Q3 2024
- SAPPHIRE VENTURES, L.L.C. removed 5,027,233 shares (-95.0%) from their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC added 2,499,137 shares (+1010.8%) to their portfolio in Q3 2024
- STEEL PARTNERS HOLDINGS L.P. added 1,990,718 shares (+1900.0%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 467,700 shares (+7458.1%) to their portfolio in Q3 2024
- ALTA FUNDAMENTAL ADVISERS LLC added 266,420 shares (+inf%) to their portfolio in Q3 2024
- POINT72 ASIA (SINGAPORE) PTE. LTD. added 233,112 shares (+899.5%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SUNNYVALE, Calif. and LONDON, Jan. 08, 2025 (GLOBE NEWSWIRE) -- 23andMe Holding Co. (Nasdaq: ME), a leading human genetics company, today announced the launch of Discover23®, a new research offering enabling authorized collaborators to securely access the power and diversity of the 23andMe research cohort through a Trusted Research Environment (TRE) developed by Lifebit, a technology company trusted by some of the world’s leading biomedical research organizations and governments.
Discover23 provides analysis-ready genome-wide association studies (GWAS) conducted on 1000+ disease and condition cohorts curated from 4.7B phenotypic data points by 23andMe’s expert scientists. Biopharma collaborators will be able to access summarized results of analyses conducted using data stripped of personal identifiers within 23andMe’s TRE, where authorized researchers are provided with highly secure, isolated workspaces to leverage 23andMe research findings while ensuring the protection of participant privacy.
Discover23 evaluates associations of over 172 million genetic variants across billions of phenotypic data points provided by consenting 23andMe research participants. Approximately 84 percent of the Company’s 15 million customers have opted in to participate in 23andMe’s Research program. Partners can use Discover23 to help identify novel disease biology, discover potential new drug targets, and add genetic evidence into research programs to boost clinical success.
“We are excited to empower experts at the frontier of biomedical research with access to insights and expertise with Discover23,” said Anne Wojcicki, CEO and Co-Founder of 23andMe. “We believe that giving external research partners access to these insights will have the potential to bring new and more effective treatments to the world.”
“At Lifebit, we share 23andMe’s commitment to empower researchers with the tools to drive innovative discoveries in drug development and precision medicine,” said Dr. Maria Dunford, CEO of Lifebit. “We recognize that healthcare data is highly sensitive. We are proud to partner with 23andMe to provide a secure, federated platform that allows researchers to analyze data where it resides, enhancing security, reducing risk, and supporting collaborative research in a controlled environment.”
For partners interested in previewing the breadth and depth of 23andMe’s analytical offerings, including Discover23, contact [email protected] . The 23andMe and Lifebit teams will be attending the JPM Healthcare Conference in San Francisco, January 13-16, 2025. Learn more about Discover23 and other partner solutions at https://partner.23andme.com .
Protecting Participant Privacy
23andMe has built strong privacy protections to enable its customers to be in control of their data. All customers have the option to consent to participate in the 23andMe Research program, which is overseen by a third party Institutional Review Board (IRB) to ensure research being conducted meets the highest ethical standards. Only data from customers who consent to participate in research is used for 23andMe Research, and for those that choose to opt-in, their information is stripped of personal identifiers for research activities, meaning participants’ personal identifiers such as name and contact details are stripped from their genetic and self-reported information, with the two sets of data stored separately. If a customer originally opted-in to participate in 23andMe’s Research program, they can easily withdraw at any time within their account settings.
About 23andMe
23andMe is a genetics-led consumer healthcare company empowering a healthier future. For more information, please visit investors.23andme.com.
About Lifebit
Lifebit is a global leader in genomics and health data and software, empowering organizations across the world to transform how they securely and safely leverage sensitive biomedical data. Lifebit is solving the most challenging problems in precision medicine, genomics and healthcare with a mission to create a world where access to biomedical data will never again be an obstacle to preventing and curing diseases. Learn more
about Lifebit’s TRE here
.
www.lifebit.ai
@lifebitAI
Contact Information
23andMe
Media: [email protected]
Business Development: [email protected]
Investor Relations: [email protected]
Lifebit
Media: [email protected]
Forward-Looking Statements
This press release 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. All statements, other than statements of historical fact, included or incorporated in this press release are forward-looking statements. The words "believes," "anticipates," "estimates," "plans," "expects," "intends," "may," "could," "should," "potential," "likely," "projects," “predicts,” "continue," "will," “schedule,” and "would" or, in each case, their negative or other variations or comparable terminology, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are predictions based on 23andMe’s current expectations and projections about future events and various assumptions. 23andMe cannot guarantee that it will actually achieve the plans, intentions, or expectations disclosed in its forward-looking statements and you should not place undue reliance on 23andMe’s forward-looking statements. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond the control of 23andMe), or other assumptions that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as revised and updated by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The statements made herein are made as of the date of this press release and, except as may be required by law, 23andMe undertakes no obligation to update them, whether as a result of new information, developments, or otherwise.