DNA testing company 23ndme files to protect bankruptcy, resigns the CEO

The genetic test company 23andme has applied bankruptcy protection in Chapter 11 in the United States to start selling its assets. Besides this announcement, the co -founder of the company, Anne Wajiki, said separately that she is leaving the company to become an independent bush for the company.

“After a comprehensive evaluation of strategic alternatives, we decided that the sale that is supervised by the court is the best path forward to increase the value of the work,” said Mark Jensen, Chairman of the Special Committee of the Board of Directors, in a statement.

“We expect the process to be supervised by the court will strengthen our efforts to face the operational and financial challenges we face, including more costs and resolving legal obligations and rental. We believe in the value of our employees and our assets and we hope that this process will allow people to reach people to understand, understand and benefit from the human genome to live for customer entitlement.”

“The Special Committee 23andme has issued news today indicates its plan to take the company during the process of Chapter 11. While I am disappointed that we have reached this conclusion and rejected my cross, I am supporting the company, and I intend to be an independent provider. In a post on x.

23andme was A few years annoying After it was announced in 2021. It was famous for salivary -based test groups that offer customers a glimpse of their genetic origin, the company witnessed a decrease in the market value by more than 99 % of the peak of 6 billion dollars after its failure to make profit.

Then in 2023, 23andme suffered a huge electronic attack in it Data of approximately 7 million customersIncluding the genetic reports of users and ancestral reports, stolen by infiltrators. In September 2024, the company settled a lawsuit Concerning the violation of data by paying 30 million dollarsAnd shortly after that, WoJCICKI said she was exploring Take the private company.

At the time of this report, the company’s market value was about $ 48 million, with shares trading at $ 1.79.