Bankrupt K-V Fights Hologic Bid To Reacquire Makena Rights

Law360, New York (September 24, 2012, 4:20 PM EDT) -- Ailing drugmaker K-V Pharmaceutical Co. on Thursday told a New York federal judge that creditor Hologic Inc. is trying to skirt bankruptcy law by seeking worldwide rights to Makena, a drug that prevents premature birth, and is wrongly suggesting the potential blockbuster medicine is rapidly losing value.

K-V’s objections, filed seven weeks after the St. Louis-based company sought Chapter 11 protection, are an attempt to keep in place a court order that for now shields from creditors the company’s assets, including Makena, a hormone therapy some...
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