Medical Device Maker Valeritas to Seek Votes on Bankruptcy Plan

Medical device manufacturer Valeritas Holdings Inc., one of the first companies forced into bankruptcy because of the coronavirus, can seek creditor votes for a reorganization plan it filed jointly with its secured and unsecured creditors.

Judge Laurie S. Silverstein of the U.S. Bankruptcy Court for the District of Delaware Monday gave preliminary approval to the plan and disclosure statement that’s built on a sale of Valeritas’ business and a previously approved settlement with creditors.

She’ll consider final approval of both documents at a hearing June 4.

Valeritas, which produces a wearable insulin delivery device for diabetes patients, already was facing ...