Endologix Initiates Chapter 11 and is Set to Go Private

Endologix Initiates Chapter 11 and is Set to Go Private

Source: 
Medical Devices and Diagnostics Industry
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By going through bankruptcy, the Irvine, CA-based company is expected to eliminate about $180 million of debt from its balance sheet. For the past few years, Endologix has struggled with regulatory issues tied to the Nellix EndoVascular Aneurysm Sealing System.