InVivo Therapeutics falls on filing for Chapter 11 bankruptcy

InVivo Therapeutics Holdings

01/02/2024 14:00

** Shares of medical equipment maker InVivo Therapeutics
Holdings Corp  NVIV.O  fall nearly 61% to 25 cents premarket
    ** Co says it has filed for voluntary Chapter 11 bankruptcy
protection in the district of Delaware
    ** Co intends to continue as a "debtor-in-possession" under
the jurisdiction of the court 
    ** Adds, is also seeking court approval for continuing
business practices and to potentially sell its assets 
    ** Stock fell 72.4% in the last 12 months 
    

 (Reporting by Sneha S K)
 ((Sneha.SK@thomsonreuters.com;))