General Counsel John Rakow was named interim CEO, and uBiome said it plans to conduct an investigation of its billing practices.
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UBiome's co-founders and co-CEOs Jessica Richman and Zac Apte have been placed on administrative leave, the company said Wednesday.uBiome, a startup that sells tests that sequence your microbiome, has named John Rakow as interim CEO. Rakow is the company's general counsel.UBiome's co-founders and co-CEOs Jessica Richman and Zac Apte have been placed on administrative leave, after an FBI raid on the company's headquarters.
UBiome named General Counsel John Rakow as interim CEO and said in a news release Wednesday that it plans to undertake an independent investigation into the company's billing practices, overseen by its board. "We intend to cooperate fully with government authorities and private payors to satisfactorily resolve the questions that have been raised, and we will take any corrective actions that are needed to ensure we can become a stronger company better able to serve patients and healthcare providers," RakowThe FBI raided the San Francisco offices of uBiome on Friday. UBiome sells tests that sequence the microbiome, or the assortment of bacteria and other microbes that live in our bodies.
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