The US Bankruptcy Court gave an interim order approving the bidding procedures for an auction to select an agent to conduct the sale of Codiak BioSciences, Inc's assets on April 14, 2023. The Court approved the agency agreement between the debtor and Copia Scientific, LLC and Heritage Global Partners, Inc. as auctioneer to conduct an auction. The debtor's assets include lab equipment, furniture, supplies, fixtures, and other miscellaneous tangible and intangible personal property.

The purchase price including a guaranteed minimum sale price of $3.3 million. If the debtor receives any qualified bids then it would hold an auction for its assets on May 10, 2023, provided this Order is entered on or before April 17, 2023, At all times the Auction will be conducted online at www.hgpauction.com.