PLx Pharma intends to file for bankruptcy, inks stalking horse deal; stock +9% after hours

Apr. 12, 2023 7:19 PM ETPLx Pharma Winddown Corp. (PLXPQ) StockBy: Anuron Mitra, SA News Editor
Chapter 11 Bankruptcy Paperwork

FuzzMartin

  • PLx Pharma (NASDAQ:PLXP) on Wednesday said it intended to file for bankruptcy and had entered into a stalking horse asset purchase deal to sell its drug-delivery platform and brand of aspirin capsules.
  • Shares of the micro-cap company rose 9.2% to $0.10

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