Bankruptcies
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Found 358 articles
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Carestream Successfully Completes Recapitalization to Strengthen Balance Sheet and Enhance Financial Flexibility
9/30/2022
Carestream Health announced that it has successfully completed its recapitalization process and emerged from Chapter 11.
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Clarus Therapeutics Holdings, Inc. Announces Plan for Near-Term Sale of JATENZO® Using Structured Process Through Chapter 11 of the U.S. Bankruptcy Code
9/6/2022
Clarus Therapeutics Holdings, Inc. announced that it, together with its wholly-owned subsidiary Clarus Therapeutics, Inc., has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.
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Endo International filed for bankruptcy Tuesday in the U.S. Bankruptcy Court in New York due to its debt load of over $8 billion and the thousands of opioid lawsuits.
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Mallinckrodt Emerges from Chapter 11 with Strengthened Balance Sheet and Enhanced Financial Flexibility
6/16/2022
Mallinckrodt plc announced that it has successfully completed its reorganization process, emerged from Chapter 11 and completed the Irish Examinership proceedings.
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Mallinckrodt Announces Anticipated Chapter 11 Emergence and Provides Update on Trading of New Ordinary Shares
6/13/2022
Mallinckrodt plc announced that it expects to complete its reorganization process, emerge from Chapter 11 and complete the Irish Examinership proceedings in the coming days.
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Zosano Pharma Files Voluntary Petition for Relief Under Chapter 11
6/2/2022
Zosano Pharma Corporation (NASDAQ:ZSAN), a clinical-stage biopharmaceutical company, today announced that on June 1, 2022 it filed a voluntary petition for relief under chapter 11 of title 11 (“Chapter 11”) of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware.
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Genocea's board of directors voted to wind down ongoing operations and terminate its remaining staff, except for those necessary to see the company's closing.
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Vizient Announces Expansion of Novaplus Enhanced Supply in Med/Surg, Pharmacy
5/12/2022
Vizient, Inc. today announced it has expanded Novaplus® Enhanced Supply to include three new medical/surgical categories and an antidotes category for pharmaceutical supplies.
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As Martin Shkreli, Elizabeth Holmes and Sunny Balwani, and the Purdue bankruptcy deal play out, there is even more drama beyond the stories–a failure to pay legal fees.
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Shares of Kaleido Biosciences are plunging after the company announced its intentions to cease all company operations, lay off its remaining staff and delist from the Nasdaq Exchange.
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Teligent to Pursue Asset Sale through Voluntary Chapter 11 Process
10/14/2021
Teligent, Inc., a New Jersey-based specialty generic pharmaceutical company, announced that the Company has, together with certain of its affiliates, filed for voluntary protection under Chapter 11 of the U.S.
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A trustee with the DOJ filed a request for an “expedited stay” in order to prevent the initiation of the bankruptcy plan.
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The Sacklers did not admit to any wrongdoing and have never been charged directly for the issue. Still, Purdue Pharma has pleaded guilty twice in its erroneous marketing efforts for OxyContin.
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With billions of dollars at stake in potential legal liabilities, the life sciences giant is exploring a possible solution – bankruptcy of a sort.
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The move by the 15 states' attorneys general comes about a month ahead of a court hearing set for Aug. 5.
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Pear Therapeutics to Participate in Cowen 6th Annual FutureHealth Conference
6/10/2021
Pear Therapeutics to Participate in Cowen 6 th Annual FutureHealth Conference.
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Purdue Pharma L.P. to Begin Soliciting Votes for its Broadly Supported Chapter 11 Plan of Reorganization
6/3/2021
Purdue Pharma L.P. announced that the United States Bankruptcy Court for the Southern District of New York has approved, among other things, the adequacy of Purdue’s disclosure statement filed in connection with its chapter 11 plan of reorganization.
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DermTech Joins Skin Cancer Foundation Corporate Council
4/19/2021
DermTech, Inc., a leader in precision dermatology enabled by a non-invasive skin genomics platform, announced the company has become a member of The Skin Cancer Foundation Corporate Council.
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Immune Pharmaceuticals Inc Announces Immune Pharmaceuticals Proposal to Exit Bankruptcy
3/18/2021
Immune Pharmaceuticals Inc. is in early-stage discussions with United General LTD, a UK Institutional Investment firm. Immune Pharmaceuticals Incs trustee and representatives are exploring options to restructure the company with United General LTD.
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Purdue Pharma L.P. Files Broadly Supported Plan of Reorganization
3/16/2021
Purdue Pharma L.P. filed a Chapter 11 plan of reorganization and a related disclosure statement in the United States Bankruptcy Court for the Southern District of New York.