Redwood Pharma provides an update on the process for divesting the company's assets
Stockholm, 12 June 2024. Redwood Pharma AB (publ) today provides an update on the process for divesting the company's assets. A number of ophthalmology companies in the USA, Europe and Asia have been invited to participate in an auction process which is expected to be completed during the month of July.Redwood Pharma, a company developing next-generation dry eye treatments, announced on May 23 that due to financial difficulties, it intends to sell off the company's assets in an accelerated auction process, where potential buyers have the opportunity to acquire all or part of the company.