RARE Daily

LunaDNA Shutting Down

January 22, 2024

Rare Daily Staff

LunaDNA, which launched at the end of 2017 as a community-owned genomic research database that offered people to share their genomic information to drive medical research while retaining ownership and having an economic incentive in participation through a cryptocurrency, said it is shutting down.

In a posting on its website, the company said it would close January 31.

“While this company and platform will not continue, we are proud to have led important changes in recognizing people as partners in therapeutic development and demonstrating the value to industry and researchers of looking beyond the therapy to incorporate a more complete understanding of what’s important to people in terms of the conditions they live with,” the company said.

In its most recent semiannual filing with the U.S. Securities and Exchange Commission in September 2022, the company reported that expenses have exceeded revenues and the company has no cash or liquid assets as of June 30, 2022.

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