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T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, July 2, 2016, Vol. 20, No. 184
Headlines
KALOBIOS PHARMACEUTICALS: Net Loss Widens to $2.45-Mil. in March
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KALOBIOS PHARMACEUTICALS: Net Loss Widens to $2.45-Mil. in March
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KaloBios Pharmaceuticals, Inc., on June 21, 2016, filed with the
U.S. Securities and Exchange Commission an operating report for
March 2016.
The Debtor posted a net loss of $2.45 million on zero revenue for
the month, as compared to $636,272 net loss reported for February.
As of March 31, 2016, the Debtor had $9.90 million in total assets,
$7.59 million in total liabilities, and $2.30 million in total
shareholders' equity.
At March 1, 2016, the Debtor had $7.44 million cash. It listed
$43,713 in total receipts and $1.13 million in total disbursements.
At month end, the Debtor had $6.35 million cash.
A copy of the monthly operating report is available for free at the
SEC at:
https://is.gd/HNdqRH
About KaloBios Pharmaceuticals
Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a company biopharmaceutical company focused on the
development of monoclonal antibody therapeutics.
KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code. The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).
The Company is represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.
No trustee, examiner or committee has been appointed in this
Chapter 11 case.
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Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par. Prices are
obtained by TCR editors from a variety of outside sources during
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however, be complete or accurate. The Monday Bond Pricing table
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equity securities trade in public market are determined by more
than a balance sheet solvency test.
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liabilities delivered to nation's bankruptcy courts. The list
includes links to freely downloadable images of these small-dollar
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Monthly Operating Reports are summarized in every Saturday edition
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The Sunday TCR delivers securitization rating news from the week
then-ending.
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S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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Copyright 2016. All rights reserved. ISSN: 1520-9474.
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