Human genetics and biotechnology firm 23andMe has announced that it has filed for bankruptcy and its chief operating officer, Anne Wojcicki, has resigned.
March 24 Human genetics and biotechnology firm 23andMe has announced that it has filed for bankruptcy and its chief operating officer, Anne Wojcicki, has resigned.
The California-based company made the announcement Sunday in a statement, explaining it is seeking to enter Chapter 11 proceedings to facilitate a court-supervised sale of its assets.
“After a thorough evaluation of strategic alternatives, we have determined that a court-supervised sale process is the best path forward to maximize the value of the business”, Mark Jensen, chair and member of the Special Committee of the Board of Directors, said in a statement.
