The 90-year-old beauty brand stated that by filing for Chapter 11, it will be able to operate seamlessly in all markets and focus on driving future growth.
Ascend was recognized as a First Merit finalist in the Best Overall Generic Pharmaceutical Product Manufacturer with more than $100 million in sales category.
Suppliers with products made, grown or assembled in the United States will meet one-on-one with Walmart merchants during the June 28 to 29 event.
The organization shared information with healthcare providers and parents in light of the infant formula shortage, and the maker of Enfamil is reportedly going forward with a sale of its business.