‘Digital pill’ maker Proteus Digital Health files for bankruptcy
Proteus Digital Health, the maker of an ingestible sensor for tracking medication adherence, filed for Chapter 11 bankruptcy protection on June 15, 2020. In addition, Andrew Thompson stepped down as the company’s CEO, replaced by Lawrence Perkins of SierraConstellation Partners, who had previously been hired as Proteus’s chief restructuring officer. “Filing for bankruptcy protection allows Proteus to continue its sales process in a more concerted and efficient manner while continuing to run the business as usual,” Proteus said in a statement provided to MobiHealthNews. The news didn’t...