Senators Urge CFIUS Review If Foreign Entity Tries to Buy Bankrupt Biotech Firm
Sens. Todd Young, R-Ind., and Mark Warner, D-Va., said the Committee on Foreign Investment in the U.S. should review the potential purchase by a foreign entity of 23andMe, a bankrupt U.S. biotechnology firm that holds sensitive information on millions of…
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people. In an April 28 letter to DOJ and the Federal Trade Commission, the senators commended DOJ for recently recommending such a CFIUS review. The senators are particularly concerned that China could buy 23andMe and use the company's data for “malign” purposes, such as transnational surveillance.