Labor Crunch Could Delay Move of Bankrupt Zosano's Equipment -- Market Talk

Dow Jones2022-07-01

1140 ET - A shortage of truck drivers might delay the ability of bankrupt Zosano Pharma Corp. to have its equipment hauled away in any potential sale of its assets. John Elrod, a lawyer for the publicly traded Fremont, Calif.-based drug developer, on Thursday provided an update to the US Bankruptcy Court in Wilmington, Del., on efforts to sell assets that include equipment, intellectual property and leases. He told Judge Kate Stickles that the nation's labor shortage, including for truckers, might require more time by any potential buyer to remove equipment from its premises, potentially pushing that date into August. (becky.yerak@wsj.com; @beckyyerak)

$(END)$ Dow Jones Newswires

July 01, 2022 11:41 ET (15:41 GMT)

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