Aradigm Corporation (OTC PINK: ARDM) ("Aradigm" or the "Company") announced on March 30, 2020, the Bankruptcy Court entered an order approving the sale by Aradigm Corporation (the "Company") to Grifols, S.A. (the "Buyer") of the Company's assets and intellectual property that pertain to Lipoquin, Free Ciprofloxacin, Apulmiq and any derivatives thereof. The Buyer has advised the Company that the Buyer has entered into an agreement with a third party to license to the third party the intellectual property and other rights the Buyer acquired from the Company and that the third party has agreed to pursue the development and commercialization of the Aradigm products.