Cline files for bankruptcy
Cline Scientific AB (publ) ("Cline" or the "Company") has today decided to apply to put the Company into bankruptcy. The bankruptcy application is planned to be submitted today, August 12, 2024, to the Gothenburg District Court.The reason for the bankruptcy filing is that Cline has not succeeded in resolving the financial situation that was previously communicated in the first half of 2024. The company is facing continued development costs in the two projects that have been operated, StemCART and CellRACE, which must be greatly increased in order to take these forward and thus funding for