Palmaz Scientific said last week that it filed for Chapter 11 bankruptcy protection while it seeks a buyer for the medical alloy technology it was developing, claiming its ability to attract investors was “seriously impaired by a negative campaign of false information.” Co-founded by coronary stent pioneer Dr. Julio Palmaz in 2008, the San Antonio, […]
Bankruptcy
Urologix sold to settle debt to Medtronic
Urologix Inc. (OCT:ULGX) yesterday said it sold almost all of its assets to a secured creditor, which then sold them to a private company that will operate the business as Urologix LLC. The remnants of Urologix Inc. were renamed 21st North Inc. The Minneapolis-based company, which makes the Cooled ThermoTherapy and Prostiva RF devices to treat benign […]
Nuo Therapeutics files for bankruptcy
Wound care company Nuo Therapeutics (OTC:NUOT) said yesterday that it’s declaring Chapter 11 bankruptcy a little more than 2 years after raising $35 million. Formerly known as Cytomedix, Nuo Therapeutics makes the Aurix hematogel, which is designed to stimulate the body’s native mechanisms to heal wounds. In April 2014, the company landed a $35 million investment from Deerfield […]
Imris files for Chapter 11 bankruptcy
Imris Inc. (TSX:IM) said today that it and 2 subsidiaries, including its NeuroArm Surgical business, filed for Chapter 11 bankruptcy protection.
Baxano Surgical files for bankruptcy, CFO steps down
Did a Russian oligarch’s fall take down Biopure successor OPK Biotech?
Creditors hoping to collect $1.4 billion from OPK Biotech are seeking to force the Biopure Corp. successor into Chapter 7 bankruptcy.
Orthofix to restate past financials on revenue snafu | Wall Street Beat
Imaging3 files for Chapter 11 bankruptcy
Medical imaging devices maker Imaging3 (OTC:IMGG) this week filed for Chapter 11 bankruptcy after plodding through years of rough financial sheets.
The 3D medical diagnostic imaging devices maker announced that it filed last week for bankruptcy in the U.S. Bankruptcy Court for the Central District of California.
Lost lawsuit pushes HemCon Medical into bankruptcy | Wall Street Beat
HemCon Medical Technologies said it’s filing for Chapter 11 bankruptcy protection for its U.S. operation after losing a $34.2 million court decision last month, saying it plans to appeal the ruling.
In March a sharply split U.S. Court of Appeals for the Federal Circuit reversed course and reinstated a win for Marine Polymer Technologies in its wound dressing patent spat with HemCon.
W.L. Gore picks up bankrupt NMT Medical’s IP at auction
W. L. Gore & Associates picked up NMT Medical Inc. (PINK:NMTI) intellectual property and assets at auction as the company faces bankruptcy and attempts to repay creditors.
Gore’s purchase includes data related to NMT’s Closure I trial, a study of its Starflex cardiac implant.
The Starflex implant won FDA pre-market approval in April 2009 and the Boston-based company began analyzing its Closure trial data a year later.
Bankrupt NMT Medical sells intellectual property to W.L. Gore
NMT Medical Inc. (PINK:NMTI) sold its assets and intellectual property to W. L. Gore & Associates in an attempt to repay creditors after declaring bankruptcy.
Gore’s purchase includes data related to NMT’s Closure I trial, a study of its Starflex cardiac implant.
The Starflex implant won FDA pre-market approval in April 2009 and the Boston-based company began analyzing its Closure trial data a year later.