Angel Medical Systems, Inc., a developer of medical devices based in Eatontown, NJ, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-12903). The First Day Declaration explains that Angel, which has received FDA approval for the commercialization of its AngelMed Guardian System, an implantable monitoring system which provides early warning of life-threatening cardiac events, has filed solely to address short-term liquidity constraints. Angel has filed a plan of reorganization and disclosure statement, for which solicitation began prepetition, with a voting deadline of January 14, 2019. No claims and noticing agent has been proposed. The case has been assigned to the Honorable Kevin Gross.
Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.