Aphton Corporation Files For Bankruptcy
23 Mai 2006 - 11:00PM
Business Wire
Aphton Corporation (NASDAQ:APHT) announced today that it has filed
a voluntary petition under chapter 11, title 11 of the United
States Bankruptcy Code in the United States Bankruptcy Court for
the District of Delaware. The Company is seeking offers to purchase
its assets out of bankruptcy. Any sale will be subject to
Bankruptcy Court approval. "We regret that circumstances have
forced the company to file for chapter 11 bankruptcy protection.
However, we appreciate the support we have received over the years
from our employees, vendors, investors and collaborative partners,"
stated Patrick Mooney, MD, Chairman and Chief Executive Officer of
Aphton. About Aphton Aphton Corporation, headquartered in
Philadelphia, Pennsylvania, is a biopharmaceutical company.
Aphton (NASDAQ:APHT)
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