SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 26, 2012
(Exact Name of Registrant as Specified in Charter)
411 Borel Avenue, Suite 616
San Mateo, CA 94402
(Address of Principal Executive Offices)
(Registrants telephone number, including area code)
515 Galveston Drive
Redwood City, CA 94063
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 8.01 Other Events
In November 2011, Maxygen, Inc. (the Company) announced that its proposal for a contract award from the Biomedical Advanced Research and Development Authority, an agency within the U.S. Department of Health and Human Services (BARDA), for the development of its MAXY-G34 product candidate as a potential medical countermeasure for Acute Radiation Syndrome (ARS) was rejected by BARDA. In rejecting the Companys proposal, BARDAs initial notification noted several technical and operational weaknesses in the proposal.
However, in a subsequent notification, BARDA has clarified that its decision with respect to the Companys proposal was primarily based on BARDAs availability of funding. BARDA also has encouraged the Company to continue to engage with BARDA and indicated that the Companys MAXY-G34 program would be reconsidered by BARDA if the circumstances related to its funding availability changed in the future.
The Company will continue to evaluate its plans for the MAXY-G34 program in light of this development. However, there can be no assurances that the circumstances related to BARDAs funding availability will change, that BARDA will open a future solicitation applicable to the MAXY-G34 program or ARS, or that the Company would submit a proposal for, or be awarded a contract under, any potential future BARDA solicitation.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.