Molecular Insight Pharmaceuticals Inc Files for Bankruptcy
Posted on Jan 10, 2011 5:25pm PST
Molecular Insight Pharmaceuticals Inc has reportedly had to file for Chapter 11 bankruptcy after bondholders rejected a $45 million rescue package. The package reportedly came from Savitr Capital LLC. According to the agreement, Savitr would have bought 90% of the stock at 45 cents per share. Now, the company has listed assets at $36.4 million and liabilities at $198.8 million.
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