Reuters: Bankruptcy News: UPDATE 1-Contract Research Solutions seeks bankruptcy protection

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UPDATE 1-Contract Research Solutions seeks bankruptcy protection Mar 26th 2012, 07:57 Mon Mar 26, 2012 3:57am EDT March 26 (Reuters) - U.S. clinical research firm Contract Research Solutions Inc, also known as Cetero, filed for bankruptcy protection early on Monday, court filings show. The company has listed estimated liabilities of $100 million to $500 million and assets of $1 million to $10 million, according to court documents. Contract research organizations (CROs) like Cetero provide outsourced drug research services to pharmaceutical and biotechnology firms. The case is: Contract Research Solutions Inc, Case No. 12-11004, U.S. Bankruptcy Court, District of Delaware.

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