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Vion Pharmaceuticals Files for Chapter 11 Bankruptcy
Date:12/17/2009

inability to access capital and funding on favorable terms, continued operating losses and the inability to continue operations as a result, and a variety of other risks set forth from time to time in Vion's filings with the Securities and Exchange Commission, including but not limited to the risks attendant to the forward-looking statements included under Item 1A, "Risk Factors" in Vion's Form 10-K for the year ended December 31, 2008 and Vion's Form 10-Q for the quarter ended September 30, 2009. Except in special circumstances in which a duty to update arises under law when prior disclosure becomes materially misleading in light of subsequent events, Vion does not intend to update any of these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.


    COMPANY CONTACT:       Vion Pharmaceuticals, Inc.
                           Alan Kessman, Chief Executive Officer
                           Howard B. Johnson, President & CFO
                           (203) 498-4210

SOURCE Vion Pharmaceuticals, Inc.


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SOURCE Vion Pharmaceuticals, Inc.
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