Rite Aid will close down some of its “underperforming stores” along with filing for bankruptcy, as it faces various lawsuits linked to the opioid crisis.
Co-founders Jordan Katzman and Alex Fenkell also committed to invest at least $20 million to bolster SmileDirectClub’s balance sheet to protect its near- and long-term operations.
Rebuffed by MEI Pharma, Infinity scuttles merger and may face bankruptcy
Vyera Pharmaceuticals’ bankruptcy filing comes as Martin Shkreli, who was released from prison early last year, has continued on with his career post-incarceration.
