UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report: ~~September~~December 304, ~~2005~~2008

MOLECULAR IMAGING CORPORATION

A Delaware Corporation

(Exact name of registrant as specified in its charter)

DELAWARE

000-27725

11-2787966

(State or other jurisdiction of

incorporation or organization)

Commission

file number

(IRS Employer

Identification No.)

~~9530~~4660 ~~Towne~~La ~~Centre~~ Jolla Village Drive, Suite ~~#120~~500

San Diego, California ~~92121~~ 92122

(Address of principal executive offices)

(858) 642-0032

(Registrant’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 1.0103 ~~ENTRY~~BANKRUPTCY ~~INTO~~OR ~~A MATERIAL DEFINITIVE AGREEMENT~~RECEIVERSHIP

AsOn ~~previously reported~~December 5, ~~in July 2005 the Company entered into forbearance agreements with Siemens Financial Services~~2008, ~~Inc. (“Siemens”), Ascendiant PET~~Molecular ~~Partners-I,~~Imaging ~~LLC~~Corporation (~~“PET~~the ~~Partners~~“Company”), ~~and~~filed ~~Citicorp~~a ~~Vendor~~voluntary ~~Finance,~~petition ~~Inc.~~for bankruptcy (~~“Citicorp”)~~under ~~with~~Chapter ~~respect~~11 toof the ~~Company’s~~United ~~default~~States ~~under~~Bankruptcy ~~the~~Code) ~~equipment leases~~ with ~~those~~the ~~leasing~~United ~~companies.~~States ~~The~~Bankruptcy ~~forbearance~~Court, ~~agreements~~Southern ~~provide~~District ~~that each~~ of ~~Siemens,~~ ~~PET Partners and Citicorp will forbear from exercising their rights~~California, ~~powers~~located ~~and~~in ~~remedies~~San ~~under the applicable leases~~Diego, California. orThe ~~rights~~Company ~~and~~is ~~remedies~~a ~~existing~~debtor-in-possession ~~at law or~~ in ~~equity,~~its ~~until~~Chapter ~~September 30,~~11 ~~2005,~~case ~~provided~~and ~~the~~is ~~Company~~seeking ~~makes certain payments~~ to ~~each~~restructure ~~lessor~~its ~~and~~debts ~~otherwise~~for ~~complies with~~ the ~~terms~~benefit of ~~the~~its ~~forbearance agreements~~creditors. ~~The~~Kenneth ~~Company~~Frederick ~~entered~~currently ~~into~~serves anas ~~agreement with each of these parties effective September 30, 2005 to extend~~ the ~~terms of the forbearance period until December 31, 2005 in exchange for the~~ Company’s ~~continued~~sole ~~monthly~~officer ~~payments~~ and ~~compliance~~director ~~with~~in the ~~terms of the forbearance agreements~~bankruptcy proceeding.

ITEM 85.0102 ~~OTHER~~DEPARTURE ~~EVENTS~~OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

~~Stony~~Effective ~~Brook University Hospital in New York (“SUNY”) exercised its right under the mobile services contract with the Company to terminate its contract~~December 4, ~~without cause~~2008, ~~effective as of September~~Dr. ~~30,~~Peter ~~2005. SUNY~~Conti has now contracted with a newly established third party organization to provide mobile services for the interim period until SUNY completes its planned stationary imaging center. SUNY represented approximately 10% of the Company’s gross revenues for fiscal year 2005, and ~~approximately 12% of its gross revenues for the first quarter of fiscal year 2006~~Dr. Axel ~~The~~Steudle ~~Company’s~~each ~~agreement~~resigned ~~with~~from ~~SUNY was scheduled to terminate at~~ the ~~end~~board of ~~the~~directors ~~third quarter~~ of ~~fiscal year 2006. The Company is working to secure additional accounts to offset or replace~~ the ~~revenues historically received from SUNY~~Company. ~~However,~~Their ~~there~~resignations ~~can~~were benot ~~no assurances such revenues can be replaced. The Company’s revenues after September 2005 will be lower than~~ the ~~revenues~~result ~~for fiscal year 2005 and the first quarter~~ of ~~fiscal~~any ~~year~~disagreements ~~2006~~with ~~unless and until~~ the Company ~~secures additional contracts that can replace the SUNY revenue~~.

SIGNATURE

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.

	MOLECULAR IMAGING CORPORATION	~~MOLECULAR IMAGING CORPORATION~~
Dated: October 6, 2005		By:	/s/ Dennis M. Mulroy
Dated: December 9, 2008	By:	/s/ Kenneth C. Frederick
			Dennis M. Mulroy, Chief Financial Officer
		Kenneth C. Frederick Chief Executive Officer

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