Allux Medical shuts down, turns to Sherwood
Silicon Valley shutdown/turnaround consultancy Sherwood Partners has been called in by ailing Allux Medical, a Menlo Park, Calif.-based developer of devices used to treat airway and skin inflammatory diseases. The company, which managed to raise $13 million in capital and a $1.68 million bridge round, has already unplugged its web site and phone number. Sherwood has not released any plans for Allux, nor the status of the company, which had operated in stealth mode since… Continue Reading