MAXIM PHARMACEUTICALS ANNOUNCES RESTRUCTURING PLAN TO SUPPORT COMMERCIALIZATION AND DEVELOPMENT EFFORTS
MAXIM PHARMACEUTICALS ANNOUNCES RESTRUCTURING PLAN TO SUPPORT COMMERCIALIZATION AND DEVELOPMENT EFFORTS CONFERENCE CALL SCHEDULED FOR OCTOBER 19, 2004, 7:00 AM PACIFIC TIME SAN DIEGO, October 18, 2004 - Maxim Pharmaceuticals (Nasdaq: MAXM) (SSE: MAXM) today announced that it is implementing a restructuring plan to reduce its cash burn rate. The plan is intended to ensure that Maxim has sufficient financial resources to properly focus on efforts to pursue regulatory submissions seeking approval of Ceplene® to treat acute myeloid leukemia (AML) patients in complete remission, and other