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Why Are 9 Meters Biopharma Shares Nosediving Today?

9 Meters Biopharma Inc (NASDAQ: NMTR) shares plummeted after the company filed for Chapter 11 bankruptcy protection, according to a regulatory filing on Tuesday. The company said that after considering all strategic alternatives, 9 Meters Biopharma, together with its subsidiaries, ceased operations and filed a voluntary petition for relief under provisions of Chapter 7 of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Eastern Di...
United States North Carolina Bethany Sensenig Board Of Directors The Company Bankruptcy Court United States Bankruptcy Court
Source: yahoo.com

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