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Stock impact report

NanoString Takes Steps to Restructure Its Business and Protect Its Mission to Map the Universe of Biology [Yahoo! Finance]

NanoString Technologies, Inc. (NSTG) 
Last nanostring technologies, inc. earnings: 2/26 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nanostring.com
Company Research Source: Yahoo! Finance
Continuing to Serve Life Sciences Researchers Worldwide SEATTLE, February 05, 2024 BUSINESS WIRE )--NanoString Technologies, Inc. (NASDAQ: NSTG) ("NanoString" or "the Company"), a leading provider of life science tools for discovery and translational research, today announced that steps are being taken to protect its business, customers, employees and its mission to "Map the Universe of Biology." With support from key creditors, NanoString and certain of its subsidiaries have voluntarily initiated a chapter 11 restructuring proceeding in the United States Bankruptcy Court for the District of Delaware. Coincident with this proceeding, NanoString is exploring strategic alternatives in support of the Company's mission and for the benefit of its stakeholders, including the potential sale of the company or product lines. "The unexpected outcome of the November GeoMx patent litigation trial in Delaware and the unusually large magnitude of the damages awarded by the jury have forced us Show less Read more
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