Last week’s hot topic on BPH was Urologix Announces Sale of Its Assets to Private Buyer Following Debt Default written by Magdalena Kegel.
This article is about Urologix, Inc., and how it recently announced the surrender of almost all of the company’s operating assets — including the Urologix name — to a secured creditor. The assets were, in turn, acquired by a private company which will continue business operations under the name Urologix, LCC.
Patients relying on the treatments provided by Urologix, Inc., will not be left stranded, and the company announced in a press release that Urologix LCC will continue its clinical operations: “The transaction will enable Urologix, LLC to provide urology customers and their patients with both Cooled ThermoTherapy and Prostiva RF Therapy products and services to treat BPH in the comfortable setting of a urologist’s office.”
Very informative. Thank you