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