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Chromos Molecular Systems

Officials at Chromos Molecular Systems discuss recent developments

Published in Law and Health Weekly, July 7th, 2007

Officials at Chromos Molecular Systems discuss recent developments.

This trend article is an immediate alert from NewsRx to identify the most recent news developments at Chromos Molecular Systems.

Report 1: Chromos Molecular Systems Inc. ("Chromos"; TSX: CHR) today announced plans to make a restructuring proposal to the company's creditors and temporary employee layoffs.

Chromos currently has insufficient financial resources to meet all of its existing creditor obligations. The company has filed a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act. This will facilitate an orderly evaluation of strategic...

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