23andMe Collapses: DNA Testing Giant Files for Bankruptcy, CEO Resigns
Source: Investing News Network
2025-03-25 12:20:00 ET
Genetic testing company 23andMe ( NASDAQ : ME ) has filed for Chapter 11 bankruptcy protection in a Missouri federal court, marking a dramatic fall for a company once valued at nearly US$6 billion.
Alongside the bankruptcy, the Associated Press reported that co-founder Anne Wojcicki has stepped down as chief executive, effective immediately, though she will remain on the company's board.
Founded in 2006, 23andMe gained widespread recognition for its at-home DNA testing kits, which provided customers with insights into their genetic ancestry and health traits.
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23andMe Collapses: DNA Testing Giant Files for Bankruptcy, CEO Resigns
23andMe Holding Co.
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