Major healthcare business files for Chapter 11 bankruptcy
The medical diagnostics company filed for bankruptcy protection to reorganize its debts, facing high litigation costs.
Biotechnology corporations infrequently stumble on total challenges of long timelines for developing their products, the excessive prices linked to developing their innovations, and regulatory problems that ought to be solved to elevate their inventions to market.
Companies will amass abundant amounts of debt over the years that's crucial to get medical devices, treatment, and a quantity of products, which can result in monetary hurt and barely monetary ache filings.
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