ProPhase Labs Inc. (Nasdaq: PRPH), a biotech firm with plans to build a crypto treasury, announced on Sep. 23 that its three COVID-19 testing lab units have filed for reorganization under Chapter 11 ...

The biotechnology industry had a rough year in 2023 with more than two dozen companies filing for bankruptcy. The rise in bankruptcies last year came after 20 biotech firms filed for bankruptcy ...

After a few years characterised by uncertainty, the narrative across the biotech industry is changing. We have seen a steady upswell in optimism among biotech organisations and other stakeholders over ...

On Sunday, Athenex Inc ATNX and certain of its subsidiaries voluntarily filed for Chapter 11 proceedings. Athenex agreed with its lenders to move forward with an expedited sale process of its assets, ...