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Genetic Testing Firm Invitae Files Chapter 11 Bankruptcy, Pursues Sale

Invitae may be the first of several struggling genetic testing firms to file for bankrupcty protection

INVITAE CORP., A MEDICAL GENETICS COMPANY, got the go ahead in mid-February from the U.S. Bankruptcy Court for the District of New Jersey “to find a buyer and exit from Chapter 11 by late July,” Reuters reported. Invitae said in a news release that it was filing for voluntary chapter 11 protection “to safeguard its …

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