Valeritas Settles With Trade Creditors Over Sale Process

Valeritas Holdings, Inc., the medical tech seller behind the V-Go wearable insulin delivery device, reached a settlement with creditors over its proposed $23 million sale to Zealand Pharma A/S, allowing the company to move ahead with a bankruptcy auction March 17.

U.S. Bankruptcy Court Judge Laurie Selber Silverstein said Friday she would approve the company’s bidding procedures and expedited timeline as a result of the settlement, which the company reached with a committee of unsecured creditors just minutes before the hearing in Wilmington, Del.

The unsecured creditors had objected to the sale process, saying it was happening too fast and ...