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Published on 1/6/2009 in the Prospect News Distressed Debt Daily.

Pharmed reports $14,000 September net loss

By Caroline Salls

Pittsburgh, Jan. 6 - Pharmed Group Holdings, Inc. reported a $14,000 net loss for September on zero net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of Florida.

In August, the company posted an $11,000 net loss, also on zero net sales.

The company had $784,000 in cash at Sept. 30, up from $704,000 at the end of August.

Pharmed, a Miami-based full-line distributor of medical, surgical and rehabilitative supplies, filed for bankruptcy on Oct. 26, 2007. Its Chapter 11 case number is 07-19187.


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