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Judge Clears $6M DIP Loan To Fund Graceway Ch. 11 Sale

By Lance Duroni (September 30, 2011, 2:58 PM EDT) -- A Delaware bankruptcy judge on Friday cleared Graceway Pharmaceuticals LLC to borrow $6 million from an affiliate and use its lenders' cash collateral to fund the proposed sale of the company's assets, including intellectual property rights and vendor contracts, to Galderma Pharma SA....

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