Cyclacel Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company focused on developing innovative cancer medicines, has released its Form 10-Q report for the second quarter of 2025. The report provides a detailed overview of the company’s financial performance and key business activities for the six months ended June 30, 2025.

Financial Highlights

• Revenues: $0, The company reported no revenue for the six months ended June 30, 2025, compared to $33,000 for the same period in 2024.
• Operating Loss: $(6.4) million, The operating loss decreased from $(8.0) million in the six months ended June 30, 2024, to $(6.4) million in the same period in 2025, reflecting cost management efforts.
• Net Loss: $(1.4) million, The net loss for the…

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Mick Stanziale, who has debilitating cardiac issues and can’t walk 50 feet without getting winded, pays $100 a month toward his $23,000 in medical bills.

At that rate, the 64-year-old Claymont man would pay off his debt in about two decades.

Stanziale’s whopping financial obligation stems from a January 2024 heart catheterization and followup care that his insurance only partially covered. He’s no longer…

The consortium led by European investment holding company AAMG (Ambitious Air Mobility Group N.V.) is getting serious about its plans to revive the failed aviation startup Lilium. AAMG has now formally applied for a purchase agreement, under the conditions that were announced on Monday: AAMG wants to pay €20 million for the startup’s assets, and holds another €250 million ready to make the company operational again. Another €500 million is apparently also at AAMG’s disposal should further complications arise.

According to information from the German publication Handelsblatt, AAMG and its partners have now also leased significant facilities at Oberpfaffenhofen Airport, Lilium’s headquarters. A spokesperson for AAMG declined to…

The Insolvency and Bankruptcy Appellate Tribunal has upheld the previous order passed by the Delhi bench of the National Company Law Tribunal (NCLT), which had, on June 12, 2024, directed the initiation of the Corporate Insolvency Resolution Process (CIRP) over a petition filed by Bank of Maharashtra,…

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In contrast, in a recent Supreme Court ruling in Kalyani Transco v. Bhushan Power & Steel Ltd., 2025 SCC OnLine SC 1010, the Court directed the return of payments made by the SRA to the financial creditors, operational creditors and towards equity contribution, within two months from the date of the judgment. The apex court, in this case, ordered the liquidation of Bhushan Power and Steel Limited (“BPSL”) after rejecting the resolution plan of JSW Steel. The judgment came over three years after JSW started the execution of its obligations under the resolution plan. The Supreme Court held that the resolution professional did not duly discharge his duties under the Code and the CoC failed to exercise the commercial wisdom while…

MANILA – Senators on Thursday pressed regulators to tighten controls and weigh an outright ban on online gambling, warning that addiction and related crimes are eroding Filipino families, communities, and values.

Senate Majority Leader Joel Villanueva, author of Senate Bill No. 47 or the “Anti-Online Gambling Act,” said the lure of instant wealth pushed many into debt, despair, and crime.

At the Senate Committee on Games and Amusement hearing led by Senator Erwin Tulfo,…

New Delhi, Aug 14 (PTI) The National Company Law Appellate Tribunal (NCLAT) has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project, which comprises residential apartments, offices, retail space, and a luxury hotel.

The Insolvency and Bankruptcy Appellate Tribunal has upheld the previous order passed by the Delhi bench of the National Company Law Tribunal (NCLT), which had, on June 12, 2024, directed the initiation of the Corporate Insolvency Resolution Process (CIRP) over a petition filed by Bank of Maharashtra, claiming default.

A…

Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals, semiconductors, and automobiles. These actions have provoked countermeasures from China and others. While these developments are rightly seen as geopolitical, trade actions—and the uncertainty they create for market access and supply chains—have direct and increasingly material implications for companies in financial distress, and for their advisers.

This article is the first in a series that will analyze these intersections and consider how trade barriers function as both cause and complication in corporate…

self

In this episode of the Lowenstein Bankruptcy Lowdown, partners
David M. Posner and Daniel B. Besikof discuss how
tariffs—originally intended as tools of industrial
policy—are now accelerating corporate bankruptcies by
inflating costs, disrupting supply chains, compressing margins, and
pushing financially fragile companies into insolvency.

Speakers:

David M. Posner, Partner, Vice Chair,
Bankruptcy & Restructuring Department

Daniel B. Besikof, Partner,
Bankruptcy & Restructuring Department

Lowenstein Bankruptcy Lowdown

Attorneys in the firm’s Bankruptcy & Restructuring
Department break down recent decisions and other key bankruptcy
industry news and…