|
|
News Breaks
|
July 28, 2011
|
| 09:10 EDT |  | CXM |
| theflyonthewall.com: | Cardium Therapeutics reports on Transdel transaction | | Cardium Therapeutics provided an update regarding its plan to acquire substantially all of Transdel Pharmaceuticals' business assets in connection with a proposed asset purchase under Chapter 11 of the U.S. Bankruptcy Code. As described on June 27, the completion of such an asset purchase is subject to a number of conditions, including approval of the bankruptcy court. In an effort to expedite the proposed transaction, Transdel and Cardium asked the bankruptcy court to approve the sale under Section 363 of the Bankruptcy Code, which does not require the filing of a plan subject to approval of creditors. In support of that request, Transdel's major creditor had filed a declaration in favor of Cardium's proposed purchase, but subsequently opposed the sale, potentially to offer a plan of its own, which led to the court denying Transdel's motion for expedited approval. :theflyonthewall.com |
|
|
News For CXM From The Last 14 Days Check below for free stories on CXM the last two weeks.
There is 1 item on the Fly with pertinent information.
Sign up for a free trial to see the rest of the stories you've been missing. |
|
May 21, 2012
|
| 07:38 EDT |  | CXM |
|
|
|
|
|
Subscribe for More Information