DNA testing company 23andMe files for bankruptcy protection, CEO resigns

The genetics testing company has filed 23 OME’s resources for sale in the United States for Chapter 11 to protect bankruptcy. In addition to this announcement, the company’s co-founder and CEO Ann Wesiki individually stated that he was leaving the company as an independent bargain for the company.

“After fully evaluating the strategic options, we have determined that the sale process under the court-lecture is the best way to maximize the value of the business,” Mark Jensen, chair of the special committee of the board of directors, said in a statement.

“We hope that the court-based process will move our efforts to deal with the operational and financial challenges of our operations and our efforts with a solution of legal and legend responsibility.

“The 27th Special Committee today reported that the chapter 5 indicates their plan to take the company through the process. I am disappointed that we have come to this decision and my bid has been rejected, I am a supporter of the organization, and I am in the post of post for the post of BD. In a post at XThe

23 has been OME A few years of a hassle This is after the publication in 2021. The best known for the saliva-based test kit, which gives customers a glimpse of their genetic clan, its market capitalization has seen more than 99% plummet after the company fails to return any profit.

Then in 2023, 23 OMEs have suffered a huge cyberpers Its about 7 million customer dataHackers were stolen with genetic trends and predecessors reports of users. In September 2024, the company settled a case Related to data violations by paying $ 30 millionAnd shortly after that, Wasiki said he was exploring To the company to take privateThe

At the time of writing, the company’s market value was about $ 48 million, whose stock trading is $ 1.79.