Boca Raton drugmaker files for bankruptcy reorganization after product recall

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    KRS Global Biotechnology, once a growing company in Boca Raton awarded millions of dollars in economic incentives — including $500,000 offered by former Gov. Rick Scott — has filed for Chapter 11 bankruptcy reorganization.

    manufacturer of pharmacy compounding services to patients, hospitals, clinics and universities nationwide, KRS Global said it has less than $50,000 in assets and up to $50 million in liabilities, according to its Jan. 10 petition in U.S. Bankruptcy Court in West Palm Beach.