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ENZN > SEC Filings for ENZN > Form 8-K on 22-Oct-2013All Recent SEC Filings




Change in Directors or Principal Officers, Other Events

Item 5.02 Departure of Directors or Certain Officers.

On October 22, 2013, Thomas F. Deuel, who previously informed Enzon Pharmaceuticals, Inc. (the "Company") that he will not stand for re-election when his term as a director expires at the Company's 2013 annual meeting of stockholders, resigned as a director effective October 22, 2013. Dr. Deuel's resignation was not, to the knowledge of the Company's executive officers, due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Item 8.01 Other Events.

On October 21, 2013, the Company and Santaris Pharma A/S ("Santaris") mutually agreed to terminate the License and Collaboration Agreement dated July 26, 2006 between Santaris and the Company, as amended (the "License and Collaboration Agreement"), effective as of October 21, 2013. In connection with such termination, (i) the Company agreed that all rights, data, products and intellectual property relating to the Company's LNA programs developed under the license granted by Santaris under the License and Collaboration Agreement will revert to Santaris, (ii) the Company agreed to pay an undisclosed amount to Santaris and (iii) the Company and Santaris each agreed to release any and all claims it may have against the other in connection with the License and Collaboration Agreement.

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