STAT+: 23andMe filing for bankruptcy as CEO Anne Wojcicki resigns
23andMe said late Sunday it will file for bankruptcy and CEO and co-founder Anne Wojcicki will depart
23andMe said late Sunday it will file for bankruptcy and CEO and co-founder Anne Wojcicki will depart, after she repeatedly tried and failed to take the storied but financially troubled DNA-testing startup private.
The company will now try to sell itself through a court-supervised sale. It closed Friday valued at a hair under $50 million, a calamitous fall from 2021, when it went public and soared to a nearly $6 billion market cap.
In a statement released on LinkedIn, Wojcicki made clear she plans to continue attempting to purchase 23andMe. She was resigning, she said, so she “can be in the best position to pursue the company as an independent bidder.”
