Troubled poop-testing startup uBiome announces plans for liquidation
Your favorite, fun-loving, poop-testing, bacteria-diving, under federal investigation, bankrupt startup with the possibly fundamentally flawed science is — alas — shutting down.
uBiome has filed to convert its Chapter 11 bankruptcy into a Chapter 7 liquidation, all but spelling the end for a once soaring company that partnered with researchers at Harvard and Stanford and wooed Silicon Valley investors, but ultimately found itself owing potentially hundreds of millions to healthcare companies, laying off half of its staff and under federal investigation for its billing practices.
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