NVTA Stock: Invitae Plunges 78% on the Brink of Bankruptcy

Invitae (NYSE:NVTA) stock fell as much as 78% yesterday before it was ultimately halted because undisclosed news about the firm was pending. Many investors now expect that the SoftBank (OTCMKTS:SFTBY) backed genetic testing specialist will file for bankruptcy before the end of this week.Invitae Is Reportedly Looking to Declare BankruptcyInvitae “is preparing to file for bankruptcy within weeks,” The Wall Street Journal reported late yesterday afternoon, citing unnamed sources. NVTA has hired Kirkland & Elli ...