TurboWorx Files for Bankruptcy Protection; Ex-CEO Says Firm is Operational, Restructuring in Process | GenomeWeb

TurboWorx has recently filed for Chapter 11 bankruptcy protection and the company's board of directors and senior executives have resigned, BioInform has learned.

The company is still operational, according to ex-CEO Srini Chari, who told BioInform this week that he and other former TurboWorx officials are working with the firm's debt-holders to ensure that some of its "strategic" operations will go forward following a "restructuring."

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