CryoLife says six lawsuits not covered, warns on funding
This article was originally published in Clinica
Executive Summary
US tissue processing company CryoLife (Kennesaw, Georgia) revealed yesterday in a US Securities and Exchange Commission 10-Q filing that six open lawsuits pending against it are not covered by its insurance, and that expenses related to defending and resolving the lawsuits will mean it will be running with negative cash flow for the rest of 2004.