TUCSON, ARIZONA – Accelerate Diagnostics Inc., a medical diagnostics company headquartered in Tucson, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware, the company announced.
Facing ongoing financial hurdles, the company seeks to sell its assets through a court-supervised process.
According to a company statement, Accelerate secured up to $12.5 million in debtor-in-possession financing to maintain operations and meet obligations during restructuring. The company has reached a deal with San Francisco-based Indaba Capital Management, which submitted a $36.9 million “stalking horse” bid to acquire most of Accelerate’s assets.…