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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 13, 2019, Vol. 23, No. 193

                            Headlines

PERNIX SLEEP: Reports $842,000 Net Loss at April 30

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PERNIX SLEEP: Reports $842,000 Net Loss at April 30
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Pernix Sleep Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for the period
from April 1 to 30, 2019.

The Debtors recorded a net loss, before reorganization expenses, of
$842,000 on $6.79 million of net product sales at April 30, 2019.

As of April 30, 2019, the Debtors had total assets of $22.72
million, total liabilities not subject to compromise of $13.44
million, total liabilities subject to compromise of $257.49 million
and stockholders' equity of -$248.20 million.

At April 1, 2019, the Debtors had $12.38 million beginning cash
balance.  They listed $29.28 million in total receipts and $32.83
million in total disbursements.  At month end, the Debtors had
$9.46 million ending cash balance.

A copy of the Monthly Operating Report is available at the SEC at
https://is.gd/r403yu

                    About Pernix Sleep

Pernix Sleep, Inc. -- http://www.pernixtx.com/-- was a specialty  
pharmaceutical company focused on identifying, developing and
commercializing prescription drugs, primarily for the United States
market, currently focused on the therapeutic areas of pain and
neurology.  Primarily, Pernix sells three core branded products:
Zohydro ER with BeadTek, Silenor, and Treximet.  Pernix is
headquartered in Morristown, New Jersey.

Pernix Sleep, Inc. and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
19-10323) on Feb. 18, 2019.  As of Sept. 30, 2018, Pernix had
assets of $274,770,000 and liabilities of $447,052,000.

The cases are assigned to Judge Christopher S. Sontch.

The Debtors tapped Davis Polk & Wardell LLP as their bankruptcy
counsel; Landis Rath & Cobb LLP as Delaware bankruptcy counsel;
Guggenheim Securities, LLC as investment banker; Ernst & Young LLP
as financial advisor; and Prime Clerk LLC as claims and noticing
agent.

The U.S. Trustee for Region 3 on March 1, 2019, appointed five
creditors to serve on an official committee of unsecured creditors.
The committee tapped Akin Gump Strauss Hauer & Feld LLP as counsel
and Potter Anderson & Corroon LLP as co-counsel.


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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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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
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Editors.

Copyright 2019.  All rights reserved.  ISSN: 1520-9474.

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