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Bankrupt poop-testing startup uBiome is shutting down

The Silicon Valley microbiome-testing startup uBiome filed for bankruptcy protection earlier this month after months of challenges and setbacks. Now, uBiome is shutting down. The startup is converting from chapter 11 to chapter 7 bankruptcy, which means it will cease operations and liquidate, according to documents that Business Insider viewed. […]
Bankrupt poop-testing startup uBiome is shutting down
Tech

Microbiome testing startup uBiome is the fourth largest startup to crash and burn in 2019. Here are the top 11 startups that have crumbled so far this year.

Microbiome testing startup uBiome announced Wednesday it was filing for bankruptcy after months of controversy and federal investigations into its testing procedures and billing practices. According to data from Pitchbook, uBiome is the fourth-largest startup whose business hit a wall so far in 2019. Consumer robotics maker Anki was the […]
Microbiome testing startup uBiome is the fourth largest startup to crash and burn in 2019. Here are the top 11 startups that have crumbled so far this year.
News

Everything we know about uBiome, the startup that convinced Silicon Valley that testing poop was worth $600 million, and then filed for bankruptcy amid an FBI investigation

uBiome was founded in 2012 on the promise of helping ordinary people understand the bacteria living in and on them, known as their microbiome. The company eventually raised $US105 million from investors and reached a valuation of $US600 million. In late April, the FBI searched uBiome’s office as part of […]
Everything we know about uBiome, the startup that convinced Silicon Valley that testing poop was worth $600 million, and then filed for bankruptcy amid an FBI investigation
News

Dispensed: The inside story of uBiome, a visit to the largest health system in New York, and what it’s like to take a ‘biotech for dummies’ course

Hello, Welcome to this week’s edition of Dispensed, our weekly healthcare newsletter here at Business Insider, where we’re recovering from sugar rushes induced by a company-wide summer party last night. If you’re following along with what’s happening on the hill, you might have noticed a refrain that echoes what Emma […]
Dispensed: The inside story of uBiome, a visit to the largest health system in New York, and what it’s like to take a ‘biotech for dummies’ course
News

uBiome’s founder repeatedly presented herself as years younger than she was, in the latest sign of trouble at the embattled $600 million poop-testing startup

The buzzy Silicon Valley startup uBiome, which was geared toward highlighting the importance of the microbiome for human health, is under federal investigation. The FBI raided the company’s San Francisco offices last month, reportedly in regard to issues with how it was billing customers. Insiders previously said that, in their […]
uBiome’s founder repeatedly presented herself as years younger than she was, in the latest sign of trouble at the embattled $600 million poop-testing startup
News

Dispensed: Troubles at uBiome, pharma giant Merck’s plan to upend the $20 billion HIV market, and why insurers are starting to embrace brands like SmileDirectClub

Hello, It’s been another busy week of reporting for the healthcare team as we look into what’s unfolding in the worlds of biotech, pharma, and healthcare. I spent some time at Rock Health’s Enterprise Insights Series event in NYC, where I moderated a conversation about the convergence of health-tech and […]
Dispensed: Troubles at uBiome, pharma giant Merck’s plan to upend the $20 billion HIV market, and why insurers are starting to embrace brands like SmileDirectClub
News

A microbiome-testing company that has raised $105 million has suspended its two main tests and put its co-CEOs on leave following an FBI raid

Microbiome-testing company uBiome has suspended its clinical tests, the company told customers on Monday. The suspension comes following an FBI raid of the company’s offices in San Francisco. UBiome’s co-CEOs Jessica Richman and Zac Apte were placed on administrative leave as well. The company has stopped selling its SmartGut and […]
A microbiome-testing company that has raised $105 million has suspended its two main tests and put its co-CEOs on leave following an FBI raid