ITEM 1.03. Bankruptcy or Receivership
On July 16, 2009, Biopure Corporation (the "Company") filed a voluntary petition
for relief (the "Bankruptcy Filing") under Chapter 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the District of
Massachusetts (the "Bankruptcy Court"). The Company will continue to operate its
business and manage its properties as debtor in possession under the
jurisdiction of the Bankruptcy Court and in accordance with the applicable
provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
The Company's Chapter 11 case is administered by the Bankruptcy Court as Case
No. 09-16725-FJB.
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