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BioSyntech, Inc.

03:45 PM EST - BioSyntech, Inc. : said Friday that the Superior Court has authorized PriceWaterhouseCoopers Inc., in its capacity as interim receiver, to accept the offer submitted by Piramal Healthcare Ltd. Following BioSyntech's announcement on May 12 that it would be seeking protection under the Bankruptcy and Insolvency Act, PriceWaterhouseCoopers was appointed interim receiver on May 13. BioSyntech, Inc. shares T.BSY are trading even at $0.06.