Rock Creek Pharmaceuticals Inc., a drug development company formerly called Star Scientific Inc., has filed for Chapter 7 bankruptcy liquidation rather than try to reorganize its finances.
The Sarasota, Fla.-based company, which had moved its headquarters in June 2014 from Henrico County, reported total assets of $35,139 and total liabilities of $21.31 million, according to its voluntary petition filed with the U.S. Bankruptcy Court in Delaware on Tuesday.
Its two wholly owned subsidiaries — RCP Development Inc. and Star Tobacco Inc. — also filed for Chapter 7.
RCP Development reported total assets of $31,308 and total liabilities of $51.957 million, while Star Tobacco reported total assets of $482,289 and total liabilities of $12.254 million.
