DNA-Testing Firm 23andMe Files for Bankruptcy

by
msmash
from Slashdot on (#6W4Q8)
DNA-testing company 23andMe has filed for Chapter 11 bankruptcy protection [non-paywalled source] in Missouri and announced CEO Anne Wojcicki's immediate resignation, weeks after rejecting her proposal to buy back the business she co-founded. The bankruptcy filing represents "the best path forward to maximize the value of the business," said Mark Jensen, board member and special committee chair. Further reading: DNA of 15 Million People for Sale in 23andMe Bankruptcy.

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