Prescription Drugs Company Avoids Bankruptcy

The Company: A Public Prescription Drugs Benefit Company

The Issue: Inability to bring the company to profitability; lack of cash flow

The Work:

• Stepped in as an interim CFO
• Reduced costs and assisted in closing a convertible note round of financing
• Advised Board of Directors on finance and operations
• Sold two business lines
• Negotiated with equity holders to allow agreed-upon resolution for sale of assets, avoiding bankruptcy