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Northfield Laboratories Announces Decision to Wind Down Business
Northfield Laboratories, 05/18/09
Northfield Laboratories Inc. announced that it has determined to wind down its business operations and carry out an orderly disposition of its assets. Following its review and analysis of the complete response letter received from the Food and Drug Administration on April 2009, Northfield determined that further clinical development of a reformulated version of its PolyHeme human red cell substitute product, including additional clinical trials, would likely be required before it could again seek to obtain FDA approval.
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