Subscribe now

Analysis and Health

Does 23andMe's decline show genetic-based medicine has been overhyped?

23andMe's DNA test was once named "invention of the year", but now the company is in dire financial straits. Is this a sign that genetically based medicine's promise has been exaggerated?

By Clare Wilson

1 March 2024

23andMe’s genetic testing kit involves people sending off a saliva sample

Kristoffer Tripplaar / Alamy

Until recently, the US firm 23andMe seemed to symbolise the promise of a new, futuristic kind of medicine, precision-guided for individuals by their genetic data.

But earlier this year, it emerged that the company is in dire financial straits, with its value having fallen by 96 per cent since its 2021 high. Does this mean the promise of genetically based medicine has been overhyped or are other factors at play?

23andMe – named after the 23 pairs of chromosomes…

Sign up to our weekly newsletter

Receive a weekly dose of discovery in your inbox! We'll also keep you up to date with New Scientist events and special offers.

Sign up

To continue reading, subscribe today with our introductory offers

View introductory offers

No commitment, cancel anytime*

Offer ends 2nd of July 2024.

*Cancel anytime within 14 days of payment to receive a refund on unserved issues.

Inclusive of applicable taxes (VAT)

or

Existing subscribers

Sign in to your account