💊New Chapter 11 Bankruptcy - Teligent Inc. ($TLGT)💊

We told you so.

Back in June, we profiled NJ-based Teligent Inc. ($TLGT) and noted how the specialty generics pharmaceutical company was … well … as we put it then … “total trash.” Now it, and three of its affiliates are chapter 11 bankruptcy filers in the District of Delaware.

We wrote:

With $117mm of total debt on negative EBITDA, leverage is quite lit…

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