Judge Approves KV Pharmaceutical Reorganization

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

A judge in KV Pharmaceutical Co.'s bankruptcy case has approved a reorganization plan for the drug maker. The decision, issued by Judge Allen Gropper, allows junior creditors to buy a majority stake in the company, the St. Louis Post-Dispatch reports. KV agreed on a $42.2 million program to pay off fines and penalties.

Help employers find you! Check out all the jobs and post your resume.

MORE ON THIS TOPIC