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Sunesis Pharmaceuticals Reports Fourth Quarter and Full-Year 2008 Financial Results
Date:4/1/2009

leted late last year. Data from this trial show encouraging durable anti-tumor activity in the 48 mg/m2 cohort, as measured by GOG RECIST criteria with partial and complete responses, and progression-free survival. Some of the patients dosed with 60 mg/m2 or 75 mg/m2 of voreloxin still remain on study and complete and partial responses have been observed. Voreloxin has generally been well tolerated at all three dose levels.
  • In March 2009, Sunesis sold to SARcode Corporation all of the company's interest in patents and know-how related to the LFA-1 inhibitors program previously licensed to SARcode for a total cash consideration of $2 million. Sunesis continues to hold a series of secured convertible notes issued by SARcode having a total principal value of $1 million.
  • In January 2009, Sunesis entered into an Agreement for Termination of Lease and Voluntary Surrender of Premises for its prior company headquarters at 341 Oyster Point Boulevard in South San Francisco, CA. In consideration of the early termination of the existing lease agreement, Sunesis agreed to pay the lessor an aggregate fee of $2.2 million, thus substantially reducing its future financial liabilities, and the landlord retained the $0.3 million security deposit it received upon signing of the lease.
  • Sunesis filed today a Form 12b-25 with the Securities and Exchange Commission disclosing its inability to timely file its Annual Report on Form 10-K for the year ended December 31, 2008 due to the timing of the placement announced today. Sunesis intends to file its Annual Report on Form 10-K as soon as practicable, and in any event within the 15 day extension period afforded by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. As disclosed in the Form 12b-25, Sunesis expects to receive a "going concern" opinion from its independent registered public accounting firm when the Annual Report on Form 10-K is filed, whether or not the private p
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  • SOURCE Sunesis Pharmaceuticals, Inc.
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