The consumer-genomics company 23andMe just sold its biobank of customer genetic data to drugmaker Regeneron for $256 million.
Regeneron is to pay $256 million in cash to acquire “substantially all” of 23andMe’s assets, including its massive biobank of around 15 million customer genetic samples and data.
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A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
In this community everyone is welcome to post links and discuss topics related to privacy.
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- If you have a question, please try searching for previous discussions, maybe it has already been answered
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I literally had an econ professor years ago who directly told us “do not take a genetics test”. This was before the ACA
The reason was simple. It’s information that once a private company gets a hold of it, they will use it to hurt you. Whether it’s a drug company that learns you’re predisposed to addiction, so better to give you it people around you nice temporary discounts on addictive meds, or an insurance company that learns you’re predisposed to cancer, so better to look for ways to deny or drop coverage.
Once these companies know a little bit about your nature, they’ll exploit any aspect possible to increase profits.
This was not a progressive/socialist econ professor. Just someone who knows how capitalism works.
Unfortunately, it is too late. They don’t need your specific genetic code to extrapolate about you, just the code of one of your relatives who wanted to find out their heritage for fun.
Without serious privacy laws we will be used and abused by corporations, get ready to experience Gattaca in real life.