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Worldwide
Medical Corp. manufactures and markets home screening tests for the
detection of drugs of abuse, alcohol, pregnancy, and colorectal disease.
The companys products include the only FDA 510K Home Drug Testing
Kits cleared for over-the-counter sales. In addition, the company
provides laboratory services.
The company sought bankruptcy protection due to a leveraged balance
sheet and to develop a plan of reorganization with creditors.
Curtis was retained to structure and manage an auction of the companys
assets, including proprietary technology, in an accelerated six-week
period.
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