Navigation Links
Anesiva Announces Merger With Arcion Therapeutics Will Not be Completed
Date:12/31/2009

SOUTH SAN FRANCISCO, Dec. 31 /PRNewswire-FirstCall/ -- Anesiva, Inc. (Nasdaq: ANSV) announced today that it was unable to satisfy the closing conditions set forth in the Agreement and Plan of Merger, dated August 4, 2009, among Anesiva, Arca Acquisition Corporation, a wholly-owned subsidiary of Anesiva, Arcion Therapeutics, Inc. ("Arcion") and, with respect to Articles V and IX only of the agreement, each of the Arcion stockholders listed on Schedule I thereto (the "Merger Agreement"). The Company intends to immediately cease operations and to file a petition for relief under the Bankruptcy Code.

About Anesiva

Anesiva seeks to be a leader in the development and commercialization of novel pharmaceutical products for pain management. Anesiva's lead product candidate is Adlea, a novel small molecule formulation of capsaicin that is currently in development for the management of acute pain following orthopedic surgeries. Adlea has been shown in clinical trials to provide extended pain relief after only a single administration in multiple indications for site-specific, acute and chronic, moderate-to-severe pain.

Forward-Looking Statements

Except for historical information, this press release may be deemed to contain "forward-looking" statements. Words such as "seek" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements regarding forecasts of product development and other matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from those referred to in the forward-looking statements. Such risks include, but are not limited to, the risk of whether certain market segments grow as anticipated; clinical trial results; the competitive environment in the biotechnology industry; and whether Anesiva can successfully develop new products and the degree to which these gain market acceptance as well as other risks detailed from time to time in Anesiva's filings with the Securities and Exchange Commission ("SEC"), including Anesiva's most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2008, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K as filed with the SEC. Anesiva expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

http://www.anesiva.com

SOURCE Anesiva, Inc.

RELATED LINKS
http://www.anesiva.com

'/>"/>

SOURCE Anesiva, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. Anesiva Completes Sale of its Zingo(TM) Assets to Powder Pharmaceuticals and Lees Pharmaceuticals
2. Anesiva Announces Prospective Board Members To Be Appointed Upon Successful Completion of Proposed Merger
3. Anesiva Receives Positive Nasdaq Hearing Panel Determination for Continued Listing
4. Anesiva Announces FDA Approval of Supplemental New Drug Application to Expand Zingo(TM) Indication
5. Anesiva Announces Adlea ACTIVE-1 Phase 3 Clinical Results, Ceasing of Zingo Commercial Operations and Restructuring
6. Anesiva Accelerates Its Transition to Specialty Pharma Pain Management Company
7. Anesiva Commences Phase 2 Trial of Adlea(TM) in Arthroscopic Shoulder Surgery
8. Anesiva Announces South Korea FDA Approval of Adlea(TM) Investigational New Drug Application
9. Anesiva Announces Publication of Phase 3 Zingo(TM) Data in the Journal Pediatrics
10. Anesiva Announces Pivotal Phase 3 Clinical Trial of Adlea(TM) for Reducing Post-Surgical Pain Following Total Knee Replacement
11. Anesiva Commences Phase 3 Clinical Trial of Adlea(TM) for Reducing Post-Surgical Pain Following Bunionectomy
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/22/2017)... MELVILLE, N.Y. , Feb. 22, 2017 /PRNewswire/ ... has signed an exclusive distribution agreement with Rijuven, ... its CardioSleeve diagnostic device to medical practitioners. ... records synchronized electrocardiogram (ECG) and heart sound signals, ... via Bluetooth, and offers cloud-based analysis to help ...
(Date:2/22/2017)... HAYWARD, Calif. , Feb. 22, 2017  Applied Silver, ... Sue Barnes to the company,s advisory board. Ms. Barnes ... total, joining business, advertising, engineering, legal, and healthcare experts ... , John Goodrich , J. Tress Ritter , ... RN, BSN, CIC, FAPIC brings more than three decades of ...
(Date:2/22/2017)... DUBLIN , Feb. 22, 2017  Allergan ... is proud to be a Gold sponsor of ... National Educating America Tour." This tour commemorates AFA,s15 ... availability of services and programs. The tour will ... free memory screenings and displays of the AFA ...
Breaking Medicine Technology:
(Date:2/22/2017)... ... February 22, 2017 , ... ... PRP, the latest innovation in the delivery of Platelet Rich Plasma (PRP). PRP ... and pain management, to accelerate tissue synthesis and provide a faster and more ...
(Date:2/22/2017)... ... February 22, 2017 , ... Forty-five percent of ... report that family members or friends have also commented about their poor hearing. ... wear hearing aids. One reason, suggested by 89 percent of American respondents, is ...
(Date:2/22/2017)... ... 2017 , ... Pet obesity in the U.S. continued to steadily increase in ... for Pet Obesity Prevention (APOP). During the ninth annual survey, APOP also found pet ... of corn and grains, value of raw and organic diets, and the best sources ...
(Date:2/22/2017)... Charleston, SC (PRWEB) , ... February 22, 2017 , ... ... one of several sponsors of the Medical University of South Carolina (MUSC) Center on ... in Mount Pleasant, SC. “MUSC’s Center on Aging is a tremendous resource in our ...
(Date:2/22/2017)... ... February 22, 2017 , ... Alto-Shaam is pleased to announce ... Oven offers up to four ovens in one. Control temperature, fan speed and ... evenness in cooking. Alto-Shaam has partnered with Appliance Innovation to introduce this game-changing ...
Breaking Medicine News(10 mins):