Genetic testing firm 23andme files for bankruptcy protection | Bankruptcy News

Officials, including California’s attorney general, question what will happen to the data collected by the firm.

Genetic testing firm 23andMe has filed for Chapter 11 bankruptcy protection in the United States amid weak demand and losses from a 2023 data breach. Its co-founder and CEO has resigned.

San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approved reorganisation plan.

The company’s shares fell 50…

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News Source: www.aljazeera.com

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