9 Meters Biopharma, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on November 2, 2023. The debtor seeks the Court?s approval for the sale of its certain assets to Helicore Bioventures I, Inc., the stalking horse bidder, for a purchase price of $1.7 million in cash. The debtor?s assets include the NM-136.

To qualify as a qualified bidder, interested parties should submit their bids along with good-faith deposit in the amount 10% of the cash portion of the purchase price. The debtor has scheduled an auction on December 13, 2023. The stalking horse bidder would be entitled to a break-up fee of $0.1 million.

The sale hearing is scheduled for December 22, 2023.