Vion Pharmaceuticals - 2010 Biotech Graveyard
Company: Vion Pharmaceuticals
Based: New Haven, CT
What Happened: Faced with an FDA demand to mount a new clinical trial for its late-stage cancer therapy, Vion Pharmaceuticals Chapter 11 bankruptcy protection in December. The developer didn't have enough money to conduct the trial. Vion said its experimental drug assets were for sale and that the company would have to liquidate.
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