11:51 AM EDT, 03/27/2025 (MT Newswires) -- 23andMe (ME) shares were up sharply on Thursday after a court authorized the company to start an asset sale process through a Chapter 11 plan or pursuant to Section 363 of the US Bankruptcy Code.

The US Bankruptcy Court for the Eastern District of Missouri also approved the bidding procedures related to the process, the genetics testing company said late Wednesday.

Price: 0.77, Change: +0.24, Percent Change: +45.66