Labcorp Makes $239M Bid In Invitae's Ch. 11 Auction

By Yun Park · April 25, 2024, 5:58 PM EDT

SoftBank-backed genetic testing company Invitae has informed a New Jersey bankruptcy judge that its asset sale auction resulted in a successful $239 million cash bid, along with other noncash considerations, from...

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Bankruptcy Scorecard

Summary

California-based genetic testing company Invitae Corp. has filed for Chapter 11 protection in New Jersey with nearly $1.5 billion in debt and what it said is an agreement with senior noteholders to seek a buyer.

Case Number

3:24-bk-11362

Judge

Michael B. Kaplan

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$1,482.5 million

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Documents

Related Sections

Case Information

Case Title

Invitae Corporation

Case Number

3:24-bk-11362

Court

New Jersey

Nature of Suit

Date Filed

February 13, 2024

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