Two affiliate debtors filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on May 25, 2023. The affiliates include Operand Pharmaceuticals Holdco II Limited and Operand Pharmaceuticals Holdco III Limited. The debtors are represented by Paul D. Leake of Skadden, Arps, Slate, Meagher & Flom LLP as their legal counsel.