Brief: BG Medicine says co's largest customer of BGM galectin test filed for bankruptcy protection

BG Medicine

06/07/2015 12:14

July 6 (Reuters) - BG Medicine Inc  BGMD.O : 
 * On June 7 health diagnostic laboratory, co's largest customer of its bgm 
   galectin test filed voluntary petition for bankruptcy protection 
 * Cannot assure you that hdl's bankruptcy will not have an adverse effect on 
   hdl's future orders from the company" 
 * Hdl has indicated that it intends to continue operating its business, to 
   purchase tests from the company in the ordinary course 
 * On July 2, 2015,co received timely payment from hdl for kit shipments the 
   company has made to hdl since June 15, 2015 
 * Company has been in discussions with hdl since its bankruptcy filing - SEC 
   filing 
 * Shipments of galectin-3 test kits to hdl resumed on June 15, 2015 
 * Expects to become less reliant on growth from sales of the manual microtiter 
   plate method for galectin-3 testing" 
 
 * Source text for Eikon  ID:nEOL9hPWHg  
 * Further company coverage  BGMD.O  
 ((Bengaluru Newsroom; +1 646 223 8780))