Floundering Graceway Wins OK For Asset Auction
U.S. Bankruptcy Judge Peter J. Walsh scheduled the auction for Nov. 17 and set a $275 million bid from Galderma Pharma SA as the stalking horse bid. Hammered by generics competition to its best-selling skin drug Aldara, Graceway filed for bankruptcy protection in September under the weight of more than $800 million in debt.
Annual sales of...
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