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Catasys Announces the Closing of Approximately $1 Million Registered Direct Offering
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Lakeland Industries, Inc. Responds to Schedule 13D Filing
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Delcath's Ireland Operations Achieves ISO 13485 Certification
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International Drug & Explosives Detection Company IDenta Corp. Receives Order From France
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Endo Pharmaceuticals to Present at J.P. Morgan 30th Annual Healthcare Conference
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China Botanic Exhibits All-Natural Anti-depressant Products at the 66th PHARMCHINA Fair
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Intravenous Remodulin Approved for the Treatment .. terial Hypertension in Most of the European Union
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Mylan Receives Approval for First-to-File Generic Keppra XR Extended-Release Tablets
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Delcath Announces Agreement With the Frankfurt Un .. ch of Hepatic CHEMOSAT Delivery System in Germany
[ Tue, Dec 27th 2011 ]: Market Wire
Cord Blood America Announces Exclusive Agreement .. hildren's Leukemia Foundation to Store Stem Cells
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Medivation Announces Participation at Upcoming Investor Conference
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Rochester Medical Director Schnobrich to Retire
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St. Jude Medical fhrt Webseite fr die Kommunikation hinsichtlich der Riata Elektrode ein
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Winner Medical Appoints BDO China as Independent Auditor
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Marina Biotech Announces $5 Million Private Placement
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St. Jude Medical lanza una pgina web con informacin sobre el cable Riata
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CytRx Initiates International Phase 2b Clinical T .. ial with INNO-206 in Advanced Soft Tissue Sarcoma
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Poniard Pharmaceuticals and Allozyne Terminate Planned Merger
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Pfizer Reports Results From Three Phase 4 Studies .. ne sulfate and naltrexone hydrochloride) Extended
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Denali Concrete Management Inc. Announces the Com .. Enrollment for the Phase 3 Dry Eye Syndrome Study
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Covidien heeft plannen voor spin-off van farmaceutische activiteiten

Poniard Pharmaceuticals and Allozyne Terminate Planned Merger


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December 22, 2011 08:00 ET

Poniard Pharmaceuticals and Allozyne Terminate Planned Merger

SAN FRANCISCO, CA--(Marketwire - Dec 22, 2011) - Poniard Pharmaceuticals, Inc. (NASDAQ: [ PARDD ]) today announced that Poniard and Allozyne, Inc. have mutually agreed to terminate the Agreement and Plan of Merger and Reorganization dated June 22, 2011. The termination follows the parties' determination that the common stock of the combined company resulting from the proposed merger will not qualify for listing on The Nasdaq Capital Market, which is a condition to closing of the merger. Poniard's board of directors is actively exploring alternatives for Poniard's business and assets.

About Poniard Pharmaceuticals

Poniard Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of innovative oncology products. For additional information please visit [ http://www.poniard.com ].



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