Navigation Links
Vermillion, Inc. Files a Voluntary Petition for Reorganization Relief Under Chapter 11 of the United States Bankruptcy Code
Date:4/2/2009

FREMONT, Calif., April 2 /PRNewswire-FirstCall/ -- Vermillion, Inc. (OTC Bulletin Board: VRML) today announced that it has filed a voluntary petition for reorganization relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware ("Bankruptcy Court") in Wilmington, Delaware. The company plans to continue operating without interruption as it focuses on obtaining regulatory clearance respecting the company's ovarian tumor triage test ("OVA1") 510(k) pre-market notification to the United States Food and Drug Administration ("FDA"). That submission is currently pending and the company continues to work diligently to provide information and data in response to FDA inquiries. Upon receipt of FDA regulatory clearance, the company would then seek to move forward, including with a strategic alliance partner, to bring the OVA1 test to market.

In conjunction with the filing, the company is seeking customary authority from the Bankruptcy Court that will enable it to continue operating its business in the ordinary course. To address its financial condition and deteriorating liquidity position, as a cost-saving measure, the company reduced its workforce.

In connection with the filing, directors Kenneth Conway, Rajen Dalal, James Rathmann and John Young resigned from the Board of Directors, effective immediately. Gail Page has been elected as the Executive Chair of the Board of Directors of the company, also effective immediately. The board will continue to operate with a reduced number of directors as a cost-saving measure.

The board now consists of Gail Page, John Hamilton and James Burns, all of whom have indicated their intention to continue their role as directors of the company for the time being.

For purposes of conserving company resources, on March 27, 2009, Vermillion requested the resignation of several of its execu
'/>"/>

SOURCE Vermillion, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related biology technology :

1. Vermillion, Inc. Announces Receipt Of Notice Of Compliance From Nasdaq
2. Shire Files Lawsuit Against Natco Pharma for Infringement of FOSRENOL(R) (lanthanum carbonate) Patents
3. Innocoll, Inc. Files 510 (k) Application for CollaRx Lidocaine Sponge
4. Shire Files Lawsuit Against Mylan for Infringement of FOSRENOL(R) (Lanthanum Carbonate) Patent
5. Renowned Stem Cell Researcher Files Study Results With Stemedica
6. Shire Files Lawsuit Against Barr Laboratories for Infringement of FOSRENOL(R) (Lanthanum Carbonate) Patents
7. Investor Group Files Complaint With Irish Office of the Director of Corporate Enforcement Against Named Directors of Trinity Biotech
8. FDA Accepts Amgens Submission and Files Biologics License Application for Denosumab
9. Orcrist Bio Inc. Files with European Competent Authority for a Phase I, Open-label, Single-ascending-dose, Safety Study of HYC750
10. Tigris Pharmaceuticals Files IND Application for GGTI-2418
11. Panda Ethanols Hereford, Texas Subsidiary Files Voluntary Chapter 11
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... Westlake Village, Calif. (PRWEB) January 15, 2014 ... cancer treatment and management through the genomic analysis of ... will offer Therapy Finder™, a web-based cancer decision support ... a reporting option with Cynvenio’s ClearID™ genomic test, Therapy ...
(Date:1/15/2014)... 15, 2014 ­ RedBrick Health , a fast-growing ... today announces that EmblemHealth , the ... is now providing the RedBrick Compass health assessment, combined ... all of its members. EmblemHealth is among the first ...
(Date:1/15/2014)... January 15, 2014 A study has been ... the Formula 1 track could help to tackle the problem ... (MAT), Stowhealth (a GP surgery based in Stowmarket) and academics ... Simplyhealth. Telemetry technology, which is inspired by equipment ...
(Date:1/15/2014)... VA (PRWEB) January 15, 2014 Two ... have continued their sponsorship of an annual competition for ... in, and access to, innovative STEM study. The competition ... TEAMS: Tests of Engineering Aptitude, Mathematics, and Sciences ...
Breaking Biology Technology:Cynvenio Offers New Breast Cancer Therapy Finder Application for its ClearID Breast Cancer Genomic Test 2Cynvenio Offers New Breast Cancer Therapy Finder Application for its ClearID Breast Cancer Genomic Test 3EmblemHealth Selects RedBrick Health to Power its Next-Generation Health Engagement and Behavior Change System 2EmblemHealth Selects RedBrick Health to Power its Next-Generation Health Engagement and Behavior Change System 3Formula 1 Technology Tackles Obesity in Unique Healthcare Partnership 2Formula 1 Technology Tackles Obesity in Unique Healthcare Partnership 3Formula 1 Technology Tackles Obesity in Unique Healthcare Partnership 4Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 2Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 3Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 4Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 5
... agreed to buy La Crosse-based data quality firm Firstlogic ... expected to close in the second quarter. , ,Firstlogic is ... consulting to help businesses make sure their data is as ... worldwide in places such as call centers, web sites, customer ...
... Associated Bank of Green Bay have joined a new ... companies. , , Tonka Bay Equity Partners of ... of banks from around the country and some individual ... in manufacturing and business services. , ,"They're interested in ...
... He may have just graduated last year, but ... on the heels of his brainstorming service that sells the ... , , Innovation Trip , a seven-day tour, will take ... Stanford campuses with time to sample local culture. Participants are ...
Cached Biology Technology:Brainstorming entrepreneur creates new innovation business 2Brainstorming entrepreneur creates new innovation business 3
(Date:4/18/2014)... NC Seeds that sprout as soon as they,re planted ... need to be more careful. In the wild, a plant ... day would risk disaster. More than just an insurance policy ... that seed dormancy has long-term advantages too: Plants whose ... rise to more species, finds in a team of researchers ...
(Date:4/17/2014)... under clinical trials to treat tuberculosis could be the ... against various bacteria, fungal infections and parasites, yet evade ... chemists and collaborators. , Led by U. of I. ... ways the drug SQ109 attacks the tuberculosis bacterium, how ... from yeast to malaria and how targeting multiple ...
(Date:4/17/2014)... NJ. April 16, 2014. Kessler Foundation has been ... million from the Department of Defense Spinal Cord ... principal investigator for the randomized, double-blinded, controlled, multi-site ... bone and muscle strength after spinal cord injury. ... & Engineering Research at Kessler Foundation. Two additional ...
Breaking Biology News(10 mins):Plants with dormant seeds give rise to more species 2Multitarget TB drug could treat other diseases, evade resistance 2Kessler Foundation awarded Department of Defense grant for spinal cord injury research 2
... from India,s first genetically modified crop may have been overemphasized, ... expense of sustainable farm management, says a new study by ... by Glenn Stone, PhD, professor of anthropology in Arts & ... World Development . In his paper, Stone compares village ...
... most common mosquito-borne viral disease in the world, has ... in countries such as Argentina, Chile and the continental ... dengue (pronounced DENgee) in the Western Hemisphere, according to ... in the American Journal of Tropical Medicine and ...
... have developed a method of discovering new drugs for ... of biological molecules may predict their effectiveness as medicines. ... drugs that were shown to be effective for fighting ... "The power of this is that it,s a ...
Cached Biology News:New findings in India's Bt cotton controversy: Good for the field, bad for the farm? 2Brandeis study shows economic impact of dengue virus in Americas 2Brandeis study shows economic impact of dengue virus in Americas 3Brandeis study shows economic impact of dengue virus in Americas 4Math may help calculate way to find new drugs for HIV and other diseases 2Math may help calculate way to find new drugs for HIV and other diseases 3
DryStrip aligners, 4. Category: Electrophoresis Systems & Standards & Reagents, IEF & SDS-PAGE & 2-D Electrophoresis, Multiphor II Kits & Components and Accessories....
Newborn Calf Serum US Origin...
Immunogen: Peptide corresponding to amino acid residues from the N-terminal region of human thyroid hormone receptor, alpha1/alpha2-isotype. Storage: -20 C, Avoid Freeze/Thaw Cycles...
...
Biology Products: