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Tim Scott, a longtime Biocom board member, took over Jan. 1 as president and CEO of the biotech advocacy group.
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Upsher-Smith said that development and manufacturing would continue at its Maple Grove operation.
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Five health startups have earned additional funding in the Reconstruct Challenge. Find out which innovative companies are moving forward and how they're making an impact.
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The company's leader pointed to “very limited manufacturing capabilities for these products” and financial challenges as reasons for its changes.
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The financing comes as the business considers the possible sale of assets as part of its transformation.
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“We’ve thought of every detail in this project,” said Alisha Hutchens, interim president of Forsyth Medical Center and interim COO of Novant’s Winston-Salem market.
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But it isn't clear the status of the deal.
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The Wolffs of Riverside County are suing after Wayne Wolff went to UCI Medical Center for a torn meniscus and ended up having his lower leg amputated.
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