Teligent Calls In The Cavalry As Warning Letter Threatens To Overwhelm
Debt-To-Equity Swap Of $77m Announced; Additional Liquidity Provided
Executive Summary
Teligent has achieved a “pivotal step in our journey toward securing a strong financial future,” according to management, after recapitalizing its significant debt burden and gaining access to more cash.
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Rather than blame employees for ignoring 397 product complaints, Teligent should have fixed complaint handling system, US FDA warning letter says.
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