Beleaguered genetic testing company 23andMe announced Friday that it has reached an agreement to sell itself to TTAM Research Institute, a nonprofit led by the company's co-founder and former CEO Anne Wojcicki.

The possible sale of 23andMe’s genetic data could set a precedent for future cases where companies look to offload increasingly more personal data.

Anne Wojcicki to buy back 23andMe and its data for $305 million