BioCentury
ARTICLE | Company News

New England Compounding Pharmacy Inc. other news

January 7, 2013 8:00 AM UTC

The compounding pharmacy filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Massachusetts. According to the petition filed on Dec. 21, 2012, the center had $1-$10 million in assets and $1-$10 million in debt. The compounding center retained Verdolino & Lowey as financial advisor. The center said that the filing seeks to "establish a fund to compensate individuals and families affected by a nationwide meningitis outbreak." In the filing, the center said "it is impossible to determine the amount of unliquidated claims for personal injury or wrongful death" at this time. ...