The Soaring Press

23andMe, the DNA testing company that helps you understand your ancestry and health, has filed for Chapter 11 bankruptcy. Now, states are urging consumers to consider deleting their genetic data due to privacy concerns. On March 23, 23andMe , Inc. filed a voluntary petition for bankruptcy with the U.S. Bankruptcy Court for the Eastern District of Missouri. The filing allows 23andMe, Inc. to continue operating the business while it looks for a buyer. “After a thorough evaluation of strategic alternatives, we have determined that a court-supervised sale process is the best path forward to maximize the value of the business,” said Mark Jensen, Chair and member of the Special Committee of the Board of Directors. “We expect the court-supervised process will advance our efforts to address the operational and financial challenges we face, including further cost reductions and the resolution of legal and leasehold liabilities. We believe in the value of our people and our assets and hop...

The FDA is reviewing baby formula safety, quality, and supply after the 2022 recall and shortages . The plan includes testing for contaminants, updating nutrition standards, and improving labels to keep formula safe and available. On March 18, the U.S. Food and Drug Administration, led by the U.S. Department of Health and Human Services, announced it had started reviewing the domestic infant formula supply. According to the U.S. Government Accountability Office , the federal government buys around 40% of formula in the U.S. for its food assistance program for low-income mothers and children, known as the Supplemental Nutrition Program for Women, Infants, and Children (WIC). The FDA notes that its newly launched initiative, Operation Stork Speed, aims to ensure the quality, safety, nutritional adequacy and resilience of the infant formula supply. “The FDA will use all resources and authorities at its disposal to make sure infant formula products are safe and wholesome for the f...