November 13, 2019 / 9:15 PM / a month ago

IN BRIEF: Nuvectra files for Ch. 11, mulls sale of device to treat chronic pain

Medical device maker Nuvectra Corp filed for bankruptcy on Tuesday, saying in a statement Chapter 11 protection will allow it to keep its options open for tackling its financial obligations.

Among the options publicly traded Nuvectra is reviewing are a sale of the company or sales of specific assets, including its Algovita Spinal Cord Stimulation System, an implanted device that stimulates nerves to override pain signals, and Virtis, a device under development to treat chronic urinary retention and overactive bladder.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/33JMqGB

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