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Teligent Inc. cites money woes, FDA 'warning letter' for ongoing slump

Teligent Inc. cites money woes, FDA 'warning letter' for ongoing slump
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Generic Drug Maker Teligent Files Bankruptcy, Plans Sale

(Bloomberg) Teligent Inc., a beleaguered generic drug maker, filed for court protection from creditors on Thursday with plans to sell itself.

The publicly traded company listed assets of as much as $100 million and liabilities of as much as $500 million in its bankruptcy petition. ....

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Teligent, Inc. Announces Appointment of Carter Pate to Board of Directors


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BUENA, N.J., Feb. 23, 2021 /PRNewswire/ Teligent, Inc. (Nasdaq: TLGT), ( Teligent or the Company ), a New Jersey-based specialty generic pharmaceutical company, today announced it has appointed Carter Pate to its Board of Directors, effective immediately. Mr. Pate will serve on the Audit and Nominating and Corporate Governance Committees.
Mr. Pate leads a family-owned investment firm and serves on the Board of Directors at multiple companies, including Global Step and Advanced Emissions Solutions, Inc. He excels at leading companies through moments of change to drive business objectives and redefine their possibilities for growth.   
John Celentano, Chairman of Teligent s Board of Directors, commented on the appointment, stating, We are excited to have Carter join Teligent s Board. Carter s years of experience have given him an abundance of knowledge of various industries, and he has proven that he can help shepherd bu ....

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