GSK gains access to the world's biggest genetic database in landmark R&D deal with 23andMe 23andMe pioneered direct-to-consumer personal genetic testing in. The two companies agreed to a four-year deal to develop new drugs and more quickly identify patients for clinical studies through 23andMe’s customers, 80% of whom agreed to share their personal. 23andMe announces $300M deal for your DNA with giant drug company GSK By Lulu Chang July 27, 2018 23andMe will soon be doing a lot more with the gene information it has been collecting — and. The consumer genetics company 23andMe is teaming up with the UK drug giant GlaxoSmithKline to develop new drugs. As part of a four-year collaboration, GSK is committing $300 million to 23andMe.
Glaxo has invested $300 million in 23andMe and the companies have a four-year deal that gives Glaxo exclusive rights to collaborate with the DNA testing company to develop drugs. Peter Pitts. GSK signed a $300 million research and development deal with gene profiling company gaining access to four million customers DNA information. GlaxoSmithKline signed a $300 million research and. Deal Terms Under the terms of the deal, GSK and 23andMe have entered into a four-year collaboration with the option to extend for a fifth year under which GSK will become 23andMe. 2018/07/25 · 23andMe boasts a subscribership of 5 million customers who have sent in samples of their spit that are analyzed to identify genetic changes at 700,000 different locations in their genomes.
23andMe and GSK signed a 4-year deal to combine their respective assets in order to identify novel drug targets, enable faster progression of clinical programs, and tackle new subsets of diseases. 23andMe welcomes all customers who'd like to participate in future research projects. Read more about this exciting collaboration in this article. Issued: Wednesday 25 July 2018, London UK - LSE Announcement GSK and 23andMe sign agreement to leverage genetic insights for the development of novel medicines Disclaimer GSK - GlaxoSmithKline plc published this content on 25 July 2018 and is solely responsible for the information contained herein. On Wednesday, July 25, 2018 23andMe and GSK announced an exclusive, multi-year deal where GSK has full access to 23andMe’s rich database of DNA data gathered from their estimated 5 million members.
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