US EditionGenetic testing firm 23andMe files for bankruptcy
- 23andMe has filed for Chapter 11 bankruptcy protection to explore a court-supervised sale due to significant financial distress.
- CEO Anne Wojcicki resigned following multiple failed takeover attempts, which included an offer that was significantly lower than previous bids.
- The firm's value has decreased from $3.5 billion in 2021 to about $50 million, and it faces liabilities between $100-500 million.
- 23andMe cut 40% of its workforce and ceased development on therapies under a restructuring announced in November.
413 Articles
413 Articles
Consider deleting your 23andMe data now, California AG urges
(NewsNation) — After extended financial uncertainty and recent layoffs, 23andMe has filed for Chapter 11 bankruptcy, and CEO Anne Wojcicki, whose takeover bids failed, has stepped down. The genetic testing company has the genetic data of more than 15 million customers — and California Attorney General Rob Bonta is warning users to purge their data sooner rather than later. In a news release, Bonta said it is important to make use of "robust priv…
23andMe files for bankruptcy as CEO steps down
Genetic testing company 23andMe has filed for Chapter 11 bankruptcy protection amid decreased sales. Co-founder and CEO Anne Wojcicki also resigned from her position. The company said on Monday it intends to continue regular operations during the bankruptcy process, which includes maintaining customer access to services and fulfilling orders without interruption. CEO and co-founder Anne Wojcicki, who stepped down as part of the announcement, wil…
23andMe has filed for bankruptcy. What could happen to users' genetic data?
Justin Sullivan/Getty Images (NEW YORK) — Over the weekend, genetic testing and biotechnology company 23andMe filed for Chapter 11 bankruptcy. Founded in 2006, the company became popular with millions of Americans who sent in samples of saliva with the promise of learning about their ancestry and genetic health predispositions. However, following a class-action settlement from a data breach, the resignation of the entire board of independent dir…
California AG Urges 23andMe Customers to Delete Genetic Data Amid Bankruptcy Filing
SACRAMENTO, CALIFORNIA – California Attorney General Rob Bonta has issued an urgent call to action for the more than 15 million customers of 23andMe, a prominent genetic testing company, as it files for Chapter 11 bankruptcy protection. In a consumer alert released on March 21, 2025, Bonta encouraged users to exercise their rights under California’s […]
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