NanoString Technologies initiates Chapter 11 restructuring, backed by $40M financing, amid a $31M patent infringement jury award.

NanoString Technologies, a company providing life science tools, has announced that it is taking voluntary Chapter 11 bankruptcy protection, with ongoing support from key creditors. In response to a sizable damages award in a patent lawsuit, the Seattle-based firm has also initiated discussions on potential strategic alternatives, including the potential sale of the company or product lines.

February 05, 2024
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