A spokesman for Regenerative Pharmaceuticals said the company had declined a new takeover offer of over $256 million for genetic testing company 23andMe. In the bankruptcy auction, a non-profit organization controlled by Anne Wojcicki, the co-founder of 23andMe, proposed a $305 million offer that exceeded the bid of Renewable Energy, which meant that Wojcicki would regain control of 23andMe.

A spokesman for Regenerative Pharmaceuticals said the company had declined a new takeover offer of over $256 million for genetic testing company 23andMe. In the bankruptcy auction, a non-profit organization controlled by Anne Wojcicki, the co-founder of 23andMe, proposed a $305 million offer that exceeded the bid of Renewable Energy, which meant that Wojcicki would regain control of 23andMe.