GeoPharma files for Chapter 11

LARGO — GeoPharma Inc. (symbol: GORX), a Largo-based pharmaceutical manufacturer, is bankrupt. The company recently filed for protection under Chapter 11, documents filed with the U.S. Bankruptcy Court for the Middle District of Florida show.

Despite earning roughly $85 million in revenues between 2007 and 2009, the company posted combined net losses of $30 million over that time frame, according to the firm's financial statements.

In August, Kotha Sekharam resigned from his position as the company's president. Carole Dore-Falcone, the firm's chief financial officer, resigned in November.