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bankruptcy

uBiome Files for Chapter 7 Liquidation

The company had previously declared Chapter 11 bankruptcy, which would have enabled it to reorganize to stay afloat and pay its creditors over time.

Quest Diagnostics Subsidiary Buys True Health Dx Assets for $8.5M

Quest said it will not acquire True Health's facilities or staff and that it expects the buy to expand the reach of its cardio-metabolic diagnostic services.

uBiome Declares Bankruptcy, Offers Assets for Sale

The San Francisco-based microbial genomics firm will sell off its product lines, testing labs, IP, and data within the next three months.

True Health Diagnostics Files for Chapter 11 Bankruptcy

The company said that the Centers for Medicare and Medicaid Services wrongly suspended its Medicare reimbursement payments, causing financial distress.

Theranos Prepares to Shut Down

In an email, the company's CEO said it is running out of funds and has been unable to find new investors — the shutdown could start on Sept. 10.