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 District of