Canexia Health Inc. and Imagia Canexia Health Inc., Bankruptcy

Canexia Health Inc. and Imagia Canexia Health Inc., Montreal, Quebec-based health-tech firms in the oncology space, filed assignments in bankruptcy on August 21, 2023, just 18 months after their merger. The companies’ technology aimed to make precision oncology more accessible. It used informatics powered by AI for treatment selection and patient monitoring, and provided support to clinical laboratories to bring cancer testing in-house. Canexia lists approximately $34.5 million in liabilities, $32 million of which is said to be owing to Imagia. Imagia lists $3.1 million in liabilities to PacBridge Capital Partners (HK) Limited. FTI is the Bankruptcy Trustee.

By: Dina Milivojevic