Humanigen warns of bankruptcy after failing to bounce back from Covid-19 EUA rejection
Humanigen warned in an SEC filing on Tuesday morning that it likely won’t survive after its Covid-19 antibody was rejected by the FDA in fall 2021.
The Short Hills, NJ-based biotech said it is “exploring all restructuring options, which may include commencing a bankruptcy or other insolvency proceeding sometime in the third quarter of 2023.”
Three Humanigen board members also resigned last week, and with that, trading in the company’s shares $HGEN will be suspended from tomorrow.
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