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Case Study – KaloBios, Inc. (biopharma)

Case Study – KaloBios, Inc. (biopharma)

A CFO and a Controller from Armanino were engaged by this early-stage public biopharma company to assist the board and shareholders in managing the company through a Chapter 11 debtor in possession bankruptcy.

The team worked with insolvency counsel, interfaced with the trustee, and represented the company on numerous occasions in bankruptcy court in Delaware to provide senior finance and accounting support through the Chapter 11 process. In addition, the team provided operational support for the company as it reorganized, relocated, and restarted with fresh capital and newly acquired drug technology under court supervision.