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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549


FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(D) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported):             October 31, 2003                   

Celsion Corporation


(Exact Name of Registrant as Specified in Charter)
         
Delaware
 
000-14242
 
52-1256615

 
 
(State or Other Jurisdiction
 
(Commission
 
(IRS Employer
of Incorporation)
 
File Number)
 
Identification No.)
     
10220-L Old Columbia Road, Columbia, Maryland   21046-1705

 
(Address of principal executive office)   (Zip Code)

Registrant’s telephone number, including area code: (410) 290-5390                   


(Former Name or Former Address, if Changed Since Last Report)

 


 

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

     
    CELSION CORPORATION
     
     
Date: December 3, 2003  By: /s/ Anthony P. Deasey
   
    Executive Vice President—Finance and
    Administration and Chief Financial Officer

 


 

EXHIBIT INDEX

     
Exhibit   Description

 
99.1   Registrant’s Press Release dated December 3, 2003

 

exv99w1
 

(CELSION LOGO)

For Further Information Contact:

         
Tony Deasey   Steve Chizzik/Ira Weingarten   Richard Cooper/Jennifer Zimmons
Celsion Corporation   Equity Communications   StrategicGrowth International, Inc.
410.290.5390   973.912.0980   212.838.1444
tony@celsion.com   equity@silcom.com   info@sgi-ir.com

CELSION CHANGES FISCAL YEAR END

Columbia, MD –December 03, 2003: CELSION CORPORATION (AMEX: CLN) today announced that, effective December 31, 2003, it is changing its fiscal year end from September 30 to December 31.

Anthony P. Deasey, Celsion’s Chief Financial Officer, commented, “In January of this year, we formed a strategic relationship with Boston Scientific Corporation through which we have agreed to distribute our BPH 800 Microwave Urethroplasty™ product at such time as it is approved by the FDA. This change to a calendar year end will bring our financial year into conformity with that of Boston Scientific Corporation.”

About Celsion: Celsion Corporation, based in Columbia, Maryland, is a research and development company dedicated to commercializing medical treatment systems for cancer and other diseases using focused-heat energy delivered by patented microwave technology.

In January 2003, Celsion entered into a strategic alliance with Boston Scientific Corporation (NYSE:BSX) in which Boston Scientific will initially distribute Celsion’s BPH product worldwide. Boston Scientific currently owns approximately 7% of Celsion’s outstanding stock.

Celsion has research, license or commercialization agreements with leading institutions such as Duke University Medical Center, Massachusetts Institute of Technology, Harbor UCLA Medical Center, Montefiore Medical Center and Memorial Sloan-Kettering Cancer Center in New York City, Roswell Park Cancer Institute in Buffalo, New York, and Duke University. For more information on Celsion, visit our website: www.celsion.com.

Celsion wishes to inform readers that forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, unforeseen changes in the course of research and development activities and in clinical trials by others; possible acquisitions of other technologies, assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

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Celsion Corporation 10220-I Old Columbia Road, Columbia MD 21046-1705 T 410.290-5390 F 410.290.5394