ChemTrak asks creditors for debt moratorium
This article was originally published in Clinica
ChemTrak, a small US company with a wide range of self-diagnostic and doctor's office tests, has requested a meeting of creditors to ask for a moratorium on its debts. Among the options considered for the immediate future of the company is a merger or an acquisition. The company blames delays in obtaining further equity financing, and the postponement of an advertising campaign for its newest product, Parent's Alert Home Drug Test Service.