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Finance
French biotech Deinove in receivership
by Alex Scott
November 13, 2022
| A version of this story appeared in
Volume 100, Issue 40
Debt-laden French biotech start-up Deinove has begun proceedings to place it into financial receivership—a step toward disbanding. Deinove has 6 weeks from November before the commercial court of Montpellier, France, will determine whether new investors can be brought in and Deinove’s debts paid or if the company is to close. Trading of its shares on the Paris Euronext stock market were suspended on Oct. 28. Deinove has been developing biofuels, carotenoids, and antibiotics from Deinococcus bacteria.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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