• The New York Times reports that at a Fortune Most Powerful Women dinner in San Francisco, Anne Wojcicki, co-founder and chief executive of 23andMe, which sells at-home DNA testing kits, addressed the issues that caused the US Food and Drug Administration (FDA) to order the company to stop marketing its product.
“We completely recognize we’re behind schedule; we failed to communicate proactively,” she said. “(The FDA is) a very important partner, and everyone is focused on resolving it.”
The FDA ordered 23andMe to stop marketing the $99 kit because the company had not provided enough evidence that the tests were accurate, and also because there are concerns that people would use the tests as a replacement for getting proper medical treatment.
• The Wall Street Journal reports that the private equity groups - CVC Capital Partners Ltd. and Leonard Green & Partners LP - that own BJ's Wholesale Club is interested in acquiring some 1,300 gas stations owned by Hess Corp.
“We completely recognize we’re behind schedule; we failed to communicate proactively,” she said. “(The FDA is) a very important partner, and everyone is focused on resolving it.”
The FDA ordered 23andMe to stop marketing the $99 kit because the company had not provided enough evidence that the tests were accurate, and also because there are concerns that people would use the tests as a replacement for getting proper medical treatment.
• The Wall Street Journal reports that the private equity groups - CVC Capital Partners Ltd. and Leonard Green & Partners LP - that own BJ's Wholesale Club is interested in acquiring some 1,300 gas stations owned by Hess Corp.
- KC's View:
