Hauser files Chapter 11
This article was originally published in The Tan Sheet
Executive Summary
El Segundo, Calif.-based supplement supplier files for bankruptcy with U.S. Bankruptcy Court for Central District of California April 1. Wholly-owned subsidiaries Botanicals International Extracts, ZetaPharm, Hauser Technical Services also file voluntary petitions, although Zuellig Botanicals, which does business as BI Nutraceuticals, "is not, and will not be a part of Hauser's bankruptcy filing," firm says. In September, Hauser sold Shuster Labs for $7.7 mil. to help pay down its debt (1"The Tan Sheet" Sept. 2, 2002, In Brief)...
You may also be interested in...
Hauser restructuring
Supplement supplier announces sale of Shuster Labs contract services division to Specialized Technology Resources for $7.7 mil. cash. Proceeds from the sale will help Hauser "pay down a substantial portion of its debt," firm says; Hauser was given until Aug. 31 to pay its Wells Fargo Bank loans (1"The Tan Sheet" July 8, 2002, p. 9)...
Scrip M&A Podcast: Which Companies Could Be Acquired Next?
The editorial team from Scrip discusses the M&A potential of various emerging biopharmas, such as Viking, Verona, Altimmune, Xenon and Crinetics.
New EU Filings
Obecabtagene autoleucel, Autolus Therapeutics’s investigational treatment for relapsed or refractory B cell precursor acute lymphoblastic leukemia, is among the latest products that have been filed for review by the European Medicines Agency for potential EU marketing approval.