Pharmaceutical Formulations files for Ch. 11, sells assets

Generic drug distributors Pharmaceutical Formulations of Edison, New Jersey, has filed for bankruptcy protection under Chapter 11 and agreed to sell its assets to Leiner Health Products for $23 million with certain payables. Its subsidiary, Konsyl Pharmaceuticals, is not part of the bankruptcy or sale.

- read this press release for more

Suggested Articles

The public financing will enable Monopar to start a phase 3 trial of a prophylactic treatment for a side effect of chemoradiotherapy. 

The dispute centers on whether Asa Abeliovich used Alector’s confidential information in connection with his work for Prevail Therapeutics.

GSK poaches Merck KGaA's Martinez-Davis to helm pharma stateside; Bulto named Novartis U.S. pharma head; Allergan's Saunders set for huge parachute.