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Covid-19 drug company liquidates assets in Chapter 11 bankruptcy

Summary by BizToc
When the Covid-19 public health crisis began in the U.S. with the first confirmed case of the 2019 Novel Coronavirus in Washington state on Jan. 20, 2020, the terrifying pandemic was underway, and the Centers for Disease Control and Prevention would report its first confirmed death from the virus…
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At the age of 81, Jørn Bent Mikkel Riis Erris's company went bankrupt, but a spectacular rescue operation saved the company at the finish line. Three years later, money is still pouring out of the company, and now the auditor predicts that the company is doomed. However, the owner is much more optimistic about the future, he says.

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BizToc broke the news in on Wednesday, July 23, 2025.
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