Twinlab chapter 11 motions
This article was originally published in The Tan Sheet
Approval of "first-day motions" by the U.S. Bankruptcy Court for southern N.Y. will allow Twinlab to "preserve its normal business operations...to the maximum extent possible," company announces Sept. 10. Court also approves motion for Twinlab to access up to $8.8 mil. of a $35 mil. debtor-in-possession facility financed by CIT Group. Funds will assist company in covering costs of operations during chapter 11 process. Twinlab announced plans to file for chapter 11 and sell its assets to IdeaSphere Sept. 4 (1"The Tan Sheet" Sept. 8, 2003, p. 14)...
You may also be interested in...
IdeaSphere will acquire all assets of dietary supplement manufacturer Twinlab for $65 mil. following the company's filing for Chapter 11 bankruptcy
After requirement from Congress and push from President Biden, FDA establishes regulatory category for hearing aids to allow US consumers with mild to moderate hearing loss to purchase the devices without a prescription or prior exam.
Draft guidance pulls from Ophthalmic Devices Panel and Risk Communication Advisory Committee 2017 meeting to discuss more clearly communicating risks of the solutions to consumers while allowing products to remain available OTC.