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WuXi Healthcare Invests in US Genomics Testmaker 23andMe

publication date: Oct 21, 2015
WuXi Healthcare Ventures, the investment arm of WuXi PharmaTech, participated in the $115 million E financing of California's 23andMe. 23andMe offers a $199 direct-to-consumer saliva DNA test. According to one report, the test is a loss leader for the company, which is more interested in developing a genomics database than selling tests. About 80% of 23andMe's customers -- about 100 million people -- allow the company to include their DNA reports (anonymously) in a genomic database. As WuXi ramps up its genomics services, the DNA database have sparked its interest in 23andMe. More details....

Stock Symbol: (NYSE: WX)

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