The move came after the digital health technology provider, which has a raft of corporate investors, reportedly failed to raise a nine-figure round last year.
Proteus Digital Health, a US-based digital medicine developer that has raised roughly $470m from investors including a range of corporate backers, filed for Chapter 11 bankruptcy on Monday
Founded in 2001, Proteus is developing digital medicine products, the first of which, Proteus Discover, involves the use of sensors to help patients monitor their medicine intake and collect data that could be used by physicians to optimise care provision.
The company had raised a total of $382m in equity funding before…
