Women First Files for Chapter 11

Share this article:
Specialty pharmaceutical company Women First HealthCare Inc., San Diego, announced its Chapter 11 bankruptcy filing in the U.S. Bankruptcy Court for the District of Delaware last week.


"All assets are up for sale, [and] we have assigned the assets and liabilities ... to a third party, Insolvency Services Group Inc.," chief financial officer Richard Vincent said. "[It includes] the list of names ... and some inventory in the neighborhood of $150,000 to $250,000.


"The catalog is intended to be a continuing concern and to be fired up by the May-June timeframe by whoever the acquirer ends up being. [The online operation is] in a holding pattern."


The company also agreed to sell the rights to its Vaniqa Cream product to SkinMedica Inc. for $25 million. The company does not expect any value to be available for distribution to Women First's stockholders.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Generating Loyalty for Brands and Retailers in an Omnichannel World

Generating Loyalty for Brands and Retailers in an ...

Harnessing personas, loyalty programs, and new technologies can help marketers better connect with customers.

News Byte: Salesforce Forms Unit to Focus on Verticals

News Byte: Salesforce Forms Unit to Focus on ...

The industries business unit, led by ex-White House CIO Vivek Kundra, will serve six industry groupings.

Columbia U. Puts the "Do" in "Donation"

Columbia U. Puts the "Do" in "Donation"

Columbia University raises nearly $7 million in donations in just 24 hours with a combination of social media, live events, and gamification.