Unable to raise additional funds, California-based Chad Therapeutics announced today that it is suspending operations until it can find other sources of cash. However, the company said current prospects aren't promising and that it may be unable to restart operations. Chad's board is considering other options, including declaring bankruptcy. Chad Therapeutics release [1]
Links:
[1] http://www.fiercebiotech.com/press-releases/chad-therapeutics-suspends-operations