The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Athenex, Inc. on June 21, 2023. The debtor has been authorized to sell substantially all its assets to C-MER Specialty Group Limited for a purchase price of $2.5 million in cash. The debtor?s assets include substantially all assets of R&D and Athenex solely relating to the operation of their Orascovery business.

The buyer is represented by Deborah Perry of Munsch Hardt kopf & Harr, P.C. as its legal advisor.