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Google Puts $2.6M More Into Biotech Firm
Drug Discovery & Development - June 22, 2009

MOUNTAIN VIEW, Calif. (AP) - Google is putting another $2.6 million into 23andMe, a biotech startup with family ties to its co-founder, Sergey Brin.

The investment disclosed Thursday in a filing with the Securities and Exchange Commission builds upon the minority stake that Google already held in the 23andme, which was started in 2006 by Brin's wife, Anne Wojcicki.

Google invested $3.9 million in 23andMe two years ago.

Mountain View-based 23andMe analyzes people's DNA to detect potential health problems before they occur.

Brin, 35, discovered from a 23andMe scan that he carries a genetic mutation increasing his risk of developing Parkinson's. He used a sliver of his $12 billion fortune to personally invest $10 million in his wife's company.

Date: June 18, 2009
Source: Associated Press






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