NanoString Technologies, Inc. announced that steps are being taken to protect its business, customers, employees and its mission to ?Map the Universe of Biology.? With support from key creditors, NanoString and certain of its subsidiaries have voluntarily initiated a chapter 11 restructuring proceeding in the United States Bankruptcy Court for the District of Delaware. Coincident with this proceeding, NanoString is exploring strategic alternatives in support of the Company?s mission and for the benefit of its stakeholders, including the potential sale of the company or product lines.

The company explores strategic alternatives including a potential sale of all or part of the Company?s business to new owners who will continue the Company?s mission. The Company has received and is currently evaluating multiple preliminary indications of interest as part of this process.