Genetic testing firm 23andMe files for bankruptcy

  • CNN
  • March 24, 2025
CNN

 — 

Gene testing firm 23andMe said on Sunday it had filed for Chapter 11 bankruptcy protection in order to facilitate its sale, after years of struggling to find a sustainable business model.

In a statement announcing the bankruptcy, the firm said its CEO and co-founder, Anne Wojcicki, had resigned effective immediately.

"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 the statement.

https://edition.cnn.com/2025/03/24/tech/23andme-bankrupcty-hnk-intl/index.html