Compounding Pharmacy Optio Rx Files for Chapter 11 Bankruptcy

Optio Rx, a pharmacy chain that formulates medications for humans and animals, filed for bankruptcy in Delaware on Friday.

• Estimated assets: $10 million to $50 million
• Estimated liabilities: $100 million to $500 million
• The company — which has 260 employees — reached a deal with lenders to swap some of their debt for equity in the reorganized company, according to court papers
• The case is Optio Rx, 24-11188, U.S. Bankruptcy Court for the District of Delaware

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