23andMe Holding Co. (ME)
23andMe Holding Co. operates in the Medical - Diagnostics & Research industry of the Healthcare sector, headquartered in South San Francisco, CA, US. The stock last traded at $0.61, up 100.00% on the session, giving a market capitalisation of $15.3M. On trailing twelve-month figures it carries a trailing P/E of -0.13, a net margin of -174.5%. Its beta of 1.20 implies it has historically moved more than the broad market.
23andMe Holding Co. is a prominent direct-to-consumer genetic testing firm, structured around two primary business units: Consumer & Research Services and Therapeutics. Through its Consumer & Research Services division, the company provides individuals with a comprehensive suite of genetic reports, derived from a simple saliva sample collected via their proprietary kit. These reports offer insights into customers' genetic ancestral origins, predispositions to certain personal health risks, the likelihood of being a carrier for rare conditions that could be passed to offspring, and how their genetic makeup might influence responses to various medications. The Therapeutics segment is dedicated to pharmaceutical research and development, focusing on the discovery and advancement of novel treatments aimed at improving patient well-being across diverse medical fields, including oncology, respiratory, and cardiovascular diseases. This segment also engages in the out-licensing of intellectual property associated with identified drug targets that are progressing through clinical development. 23andMe maintains a strategic partnership with GlaxoSmithKline Intellectual Property (No.3) Limited, leveraging genetic insights to validate, develop, and ultimately commercialize new pharmaceutical products. Established in 2006, the company's corporate headquarters are situated in South San Francisco, California.
23andMe Holding Co. is most often compared with the following Healthcare names: