DNA testing firm 23andMe files for bankruptcy as CEO steps down
by Julia Kollewe from World news | The Guardian on (#6W4FM)
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The genetic testing company 23andMe has filed for bankruptcy protection in the US to help sell itself, as its chief executive quit to pursue a bid for the business after several aborted attempts.
23andMe said late on Sunday that it had started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the Eastern District of Missouri to facilitate a sale process to maximise the value of its business". It added that it is operating as usual throughout the sale process.
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