BREAKING: Bankrupt poop-testing startup uBiome is shutting down

Hollis Johnson / Business Insider

• 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'll cease operations and liquidate, according to documents that Business Insider viewed.
• uBiome once convinced Silicon Valley that testing poop was worth $600 million. But insiders previously told Business Insider they questioned the validity of the science behind its products. 

After months of challenges and setbacks, the Silicon Valley health startup uBiome is shutting down. 

The company could not extend the loans that had been funding its bankruptcy and is now appointing a trustee to oversee its liquidation, according to documents viewed by Business Insider. The plan still requires approval from the bankruptcy court.

See the rest of the story at Business Insider

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See Also:

• Bankrupt poop-testing startup uBiome just lost the government approval that's required to run key tests
• $2.8 billion pharmacy startup GoodRx just got into the business of prescribing medications, and it shows how a long-hyped technology is taking off in healthcare
• Retailers from Amazon to CVS are pushing deeper into healthcare. Now, Sam's Club wants to sell you cheaper care — and it shows that the healthcare wars are heating up.

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