On April 8, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of KaloBios Pharmaceuticals, Inc. and its affiliates.
The filing was assigned docket number 324 and is described on the court’s official docket as follows:
Motion to Approve Debtor In Possession Financing Filed by Kalobios Pharmaceuticals, Inc.. Hearing scheduled for 4/28/2016 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #2, Wilmington, Delaware. Objections due by 4/21/2016. (Attachments: # (1) Notice # (2) Exhibit A (Proposed Form of Order) # (3) Exhibit B (Credit Agreement)) (Werkheiser, Gregory)
KaloBios Pharmaceuticals, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 29, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-12628. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurie Selber Silverstein. The law firm of Morris, Nichols, Arsht & Tunnell LLP is acting as lead bankruptcy counsel to KaloBios Pharmaceuticals, Inc. in the bankruptcy case.