Insulin pump maker files for bankruptcy

Valeritas Holdings, a New Jersey-based company that makes insulin pumps, filed for Chapter 11 bankruptcy, the company said.

Zealand Pharma, a Denmark-based drugmaker, will acquire "substantially all" of Valeritas' assets for $23 million, according to a Feb. 9 news release. 

Valeritas manufactures the V-Go wearable insulin delivery device. 

The company said it will continue operations as normal during the transaction with Zealand. 

Read the full news release here

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