Cancer Vaccine Co. Files For Chapter 7

Law360, New York (November 22, 2006, 12:00 AM EST) -- Therion Biologics Corp., a company that develops vaccines that train the body’s immune system to fend off cancer without the side effects associated with chemotherapy, filed for Chapter 7 on Tuesday.

The Cambridge, Mass.-based company’s bankruptcy petition listed both its assets and debts as between $1 million and $100 million.

In June, one of Therion’s two candidates for lead product used to treat pancreatic cancer fell short in clinical tests, prompting the company to not pursue licensing of the drug with the U.S. Food and Drug...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.