Biotech Co. NanoString Lands $393M Bid At Ch. 11 Auction

By Clara Geoghegan · April 18, 2024, 4:14 PM EDT

Scientific instrument maker Bruker Corp. is set to acquire insolvent biotechnology company NanoString for roughly $393 million in cash that would be used to repay creditors under the debtor's recently proposed...

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Bankruptcy Scorecard

Summary

Life sciences company NanoString Technologies Inc. and three affiliates filed for Chapter 11 protection in Delaware bankruptcy court with $325 million in debt, months after a jury found it infringed several gene-technology patents.

Case Number

1:24-bk-10162

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$325 million

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Documents

Related Sections

Case Information

Case Title

10X Genomics, Inc. et al v. Nanostring Technologies, Inc.

Case Number

1:21-cv-00653

Court

Delaware

Nature of Suit

Patent

Date Filed

May 06, 2021

Case Title

NanoString Technologies, Inc.

Case Number

1:24-bk-10160

Court

Delaware

Nature of Suit

Date Filed

February 04, 2024

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