Aradigm Corporation filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on February 21, 2020. The debtor seeks the Court’s approval for the sale of substantially all its assets to Grifols, S.A. or the highest bidder of the auction for a purchase price of $3.25 million. The bidding procedure hearing is yet to be scheduled and the sale hearing is scheduled for March 25, 2020.