UBiome is under new management

Last week, microbiome-testing startup UBiome got raided by the FBI. This week, the company put its founders on “administrative leave” and appointed an interim CEO who happens to be their lawyer.

Jessica Richman and Zac Apte, UBiome’s co-CEOs, are no longer steering the company, which has launched an independent investigation. Whatever happens, interim CEO John Rakow said UBiome “will take any corrective actions that are needed to ensure we can become a stronger company better able to serve patients and healthcare providers.”

The FBI’s interest is reportedly tied to how the company bills insurers for its microbiome tests and how physicians who order UBiome tests for customers via a telemedicine service are paid.

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