Brief: Athenex Voluntarily Files Chapter 11 Proceedings

Athenex

14/05/2023 16:27

May 14 (Reuters) - Athenex Inc  ATNX.O :
    * COMPANY HAS SUFFICIENT RESOURCES TO SUPPORT ATHENEX PHARMA
SOLUTIONS OPERATIONS AND FULFILL APD CUSTOMER ORDERS DURING
PROCESS
    * COMPANY VOLUNTARILY FILES CHAPTER 11 PROCEEDINGS
    * HAS REACHED AGREEMENT WITH LENDERS FOR SALE OF CO'S ASSETS
ACROSS ATHENEX PHARMACEUTICAL DIVISION, ORASCOVERY, CELL THERAPY
    * COMPANY ANTICIPATES CONCLUDING EXPEDITED SALES PROCESS BY
JULY
1, 2023
    * ATHENEX PHARMA SOLUTIONS IS EXPECTED TO CONTINUE ITS
OPERATIONS
FOR AT LEAST NEXT 90 DAYS

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Further company coverage:  ATNX.O 

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