Latest News 2011 July Transdel Files for Bankruptcy

Transdel Files for Bankruptcy

Transdel Pharmaceuticals has reportedly filed for bankruptcy protection. According to reports, in the bankruptcy filing, the company has agreed to sell most of its assets to Cardium Therapeutics for $4 million in stock. The company reportedly had to file for bankruptcy as they failed to raise enough money to move a lead experimental drug into a final clinical trial.                 

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Categories: Filing for Bankruptcy