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Subsequent Events
6 Months Ended
Jun. 30, 2011
Subsequent Events
11.  Subsequent Events
 
In July of 2011, the Company submitted a grant to the U.S. Government’s National Institute of Health (NIH) for a grant to fund development of Liposomal Grb-2 for treatment of breast cancer.  The initial phase of the grant funds preclinical work in animal tumor models.  However, if work from the grant is successful there is the potential for follow-on funding to pay for a Phase I clinical trial treating late-stage breast cancer patients with Liposomal Grb-2.  The grant request is for approximately $140,000 for the initial phase.  In addition to paying for direct out-of-pocket costs of the preclinical studies the initial grant submitted has components for overhead recovery and a profit fee.
 
In late July of 2011, the Company’s medical advisory team conferred with the Principal Investigator of Bio-Path Phase I clinical trial to review safety data from the first cohort of the trial.  Based on this review, the Company and Principal Investigator concurred to proceed to the second cohort in the trial, which involves treating the patients with a dose that is double the dose used in the first cohort.
 
In July of 2011, the Company announced that it had relocated its corporate office to Houston, Texas.  This location is located on the south side of the Texas Medical Center near the MD Anderson Cancer Center.