ITEM 8.01 Other Events

On December 15, 2008, Apex Bioventures Acquisition Corporation ("Apex") issued a press release announcing that, on December 13, 2008, it entered into a letter of intent to complete a business combination. Pursuant to Apex's Second Amended and Restated Certificate of Incorporation, the execution of the letter of intent affords Apex a six-month extension for completion of a business combination, until June 13, 2009.

The consummation of the business combination is subject to, among other things, negotiation and execution of a definitive agreement and required stockholder approval. There can be no assurances that a business combination will be consummated.

Attached hereto as Exhibit 99.1 is the press release that is incorporated herein by reference.