Athenex eyes extension of exclusive plan filing, solicitation periods

By Sarah Lizee

Olympia, Wash., Sept. 11 – Athenex, Inc. is seeking an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

Specifically, the company asked the court to extend the exclusive plan filing period through Dec. 31 from Sept. 11 and the exclusive solicitation period through Feb. 8 from Nov. 10.

As previously reported, Athenex has sold substantially all of its assets and has filed a plan of liquidation.

The confirmation hearing was set for Tuesday.

The company said it is seeking the extension out of an abundance of caution.

Athenex is a clinical-stage biopharmaceutical company with headquarters in Buffalo, N.Y. The company filed bankruptcy on May 14 under Chapter 11 case number 23-90295.

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