ReGen Biologics Files for Chapter 11
Posted on May 15, 2011 3:45pm PDT
ReGen Biologics Inc. has reportedly filed for Chapter 11 bankruptcy protection. According to reports, the company plans to pay bills while in the bankruptcy process with the help of cash flow and proceeds it received from a loan. The company has been in a battle with the FDA over an implant design that is related to the re-growth of damaged knee cartilage.
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