CVS has decided not to stock uBiome's sole remaining product, an at-home microbiome test called Explorer.
uBiome was counting on selling the kits in CVS stores as part of a plan to get a fresh start and show it still has value.
"Given the circumstances surrounding uBiome, we'll be stopping shipments and, in the event product has already arrived in store, marking it as 'do not sell,'" a CVS spokesperson said.
uBiome filed for bankruptcy yesterday amid refund demands from health insurers and...
Buzzy startup uBiome filed for bankruptcy on Wednesday, a court filing shows.
Founded in 2012, uBiome raised $105 million from investors to explore the microbiome, a "forgotten organ."
The FBI raided uBiome's headquarters in April, reportedly related to the company's billing practices. Then, the company's top executives departed.
uBiome built a big set of data based on the human microbiome, but the data was flawed in ways that risked making uBiome's tests unreliable, Business Insider previously...
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 highest valued startup to go under and announced it was shutting down in May.
Here are the top 11 startups that went bust so far in 2019.