Fierce Biotech December 1, 2023
Potrero Medical, the company seeking to digitize one of the last remaining undigitized vital signs by actively measuring renal output and predicting acute kidney injuries, has filed for Chapter 11 bankruptcy.
The former Fierce Medtech Fierce 15 winner announced it has begun to voluntarily restructure its equity through pre-negotiated terms filed in Delaware bankruptcy court. The California-based developer said it expects the process to be completed under an expedited schedule that will wrap up before February of next year.
Those proposed bankruptcy terms also provide for Portero to emerge from Chapter 11 with up to $10 million in new financing to help support its plans to continue operations, pending the final determination by the court, according to filings.
Potrero’s Accuryn...
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