Sunrise Technologies goes for liquidation
This article was originally published in Clinica
Executive Summary
Menlo Park, California-based Sunrise Technologies International, manufacturer of refractive surgery technology, has opted for Chapter 7 bankruptcy and will liquidate its assets. The decision, taken last week, comes a year after the company defaulted on a $1m loan repayment (see Clinica No 998, p 17). The company, which produces the holmium Yag laser, treatment with which involves shrinking the collagen around the eyeball, has had to make a series of layoffs in the last year in the wake of mixed reviews for its technology.