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This news of their FDA approval came right after news of their latest $155mm funding round which tells us that their new investors DEFINITELY knew about this be
by Hydraulix989 11y ago
This news of their FDA approval came right after news of their latest $155mm funding round which tells us that their new investors DEFINITELY knew about this before the public. [1]
I can't imagine Fidelity Capital pouring millions into a company that got blocked by the FDA, and I was shocked to hear the news that they raised that much money until today when I found out that the FDA approved their DNA screening. I mean, they were dead as in last nail in the coffin status before that.
Not only that, recent news just broke that law enforcement now have access to members' DNA from 23andMe -- the federal government must have been appeased. [2]
As Saul Goodman says: "There's always a way to oil everyone's lock."
[1] http://venturebeat.com/2015/10/14/23andme-raises-115m-to-grow-its-dna-health-test-technology-globally/ http://venturebeat.com/2015/10/14/23andme-raises-115m-to-gro...
[2] http://thinkprogress.org/justice/2015/10/19/3713666/police-tap-ancestry-for-dna/ http://thinkprogress.org/justice/2015/10/19/3713666/police-t...