Genetics Testing Company 23andme applied for 11 US bankruptcy protection to start asset sales. Along with the announcement, Anne Wojcicki, co -founder and CEO of the company, said he is leaving a separate company and leaving the company to become an independent bidder of the company.
“After a thorough assessment of strategic alternatives, we decided that the court supervisory sales process was the best way to maximize the value of the business.
“We expect that the court supervisory process will develop efforts to solve the operation and financial problems we face, including the reduction of additional costs and the resolution of legal and lease debt.We believe in the value of people and assets, and this process can carry out our mission so that people can access, understand and benefit for people and patients for the benefit of customers and patients. I hope.
“The 23andme Special Committee today announced a news that indicates plans to hire a company in Chapter 11, which was disappointed by the conclusion of this conclusion, but the bid was rejected, but I was supposed to support the company and to be a bidder.
23andme has been bothersome for several years since it was released in 2021. It is best known as a saliva -based test kit that can see genetic ancestors for customers, and the company has fallen more than 99% from $ 6 billion after its profit is not profitable.
In 2023, 23andme was then attacked by a large cyber attack stolen by a hacker, with almost 7 million customers’ data, including the user’s genetic followers and ancestors reports. In September 2024, the company paid $ 30 million to solve a lawsuit related to data violations, and then WOJCICKI was exploring the private company.
At the time of writing, the company’s market value was about $ 48 million and stock trading was $ 1.79.
