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Delaware |
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000-28324 |
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04-3119555 |
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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196
Boston Avenue Suite 2800 |
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02155 |
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(Address of principal executive offices) |
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(Zip Code) |
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200 Boston Avenue, Medford, MA 02155 |
(Former name or former address, if changed since last report) |
Item 5. Other Events.
On June 4, 2003, BioTransplant Incorporated announced that it has entered into an agreement with Miltenyi Biotec GmbH for the sale of its Eligix™ HDM Cell Separation System. In connection with this transaction, Miltenyi has agreed to acquire all intellectual property and physical assets associated with the Eligix business in exchange for an upfront payment of $450,000 and royalties of 4-10% of future sales. As previously announced, on February 27, 2003, the Company and Eligix, Inc., its wholly-owned subsidiary, filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court in Boston Massachusetts. The sale of the Eligix assets is subject to approval by the bankruptcy court.
A copy of the press release relating to such announcement is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
See Exhibit Index attached hereto.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: |
June 9, 2003 |
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BIOTRANSPLANT INCORPORATED |
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By: |
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/s/ Donald B. Hawthorne |
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Donald B. Hawthorne |
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President, Chief Executive Officer |
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and Chief Financial Officer |
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3
EXHIBIT INDEX
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Exhibit No. |
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Exhibit |
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Exhibit 99.1 |
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Press Release dated June 4, 2003 |