Codiak BioSciences, Inc., along with its one affiliate filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on March 27, 2023. The debtor listed its assets in the range of $100 million to $500 million and liabilities in the range of $50 million to $100 million. The debtor is represented by Ryan M. Bartley of Young Conaway Stargatt & Taylor, LLP as its legal counsel.

The debtor also hired Paul Huygens of Province, LLC as its chief restructuring officer and Stretto, Inc. as its claims, noticing agent and administrative advisor.