Unilife (NSDQ:UNIS) filed for Chapter 11 bankruptcy today, saying it hopes to support the company’s business operations with a $7 million debtor-in-possession financing facility and its remaining cash.
The cash-strapped company owes more than $22 million to Sanofi, Kahle Automation, Morgan Stanley, Hikma Pharmaceuticals and MECO Inc., according to documents that Unilife filed in the U.S. Bankruptcy Court for the District of Delaware.
Get the full story at our sister site, Drug Delivery Business News.
The post Unilife files for Chapter 11 bankruptcy appeared first on MassDevice.
from MassDevice http://ift.tt/2nEsOml
Cap comentari:
Publica un comentari a l'entrada