ITEM 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On June 24, 2009, Biopure Corporation (the "Company") received notice from The Nasdaq Stock Market ("Nasdaq") stating that the Company no longer meets the minimum of $2,500,000 in stockholders' equity for continued listing on the Nasdaq Capital Market under Marketplace Rule 5550(b)(1). This notification has no effect on the listing of the Company's common stock at this time.

Under the Marketplace Rule 5810(c)(2)(C), the Company has 15 calendar days to submit a plan to regain compliance. If such plan is accepted, Nasdaq may grant an extension of up to 105 days from the date of notification to regain compliance. If the Company is unable to regain compliance its common stock will be delisted.

The Company does not currently intend to submit a plan to regain compliance.

On June 30, 2009, the Company issued a press release announcing its receipt of the Nasdaq's notification. A copy of the press release is being furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release issued by the Company on June 30, 2009

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