Accelerate Diagnostics (AXDX) files Chapter 11

Accelerate Diagnostics (NASDAQ: AXDX) has filed chapter 11 bankruptcy protection in Delaware, according to court records.

The CEO said the company plans a sale of assets through a court-supervised auction, has a stalking-horse bidder, and hopes to close within 90 days, court records show.

Accelerate said it had $28.6 million assets, $84.6 million debts as of december 31, 2024.

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