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

(Date of earliest event reported): ~~July 16, 2009~~

July 16, 2009

BIOPURE CORPORATION

(Exact name of registrant as specified in its charter)

DELAWARE

000-15167

04-2836871

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

11 HURLEY STREET

CAMBRIDGE, MA 02141

(Address of principal executive offices and zip code)

(617) 234-6500

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K 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(d))

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

ITEM 1.~~03.~~01 ~~Bankruptcy~~Entry orinto ~~Receivership~~a Material Definitive Agreement.

OnIn connection the Company’s previously disclosed bankruptcy filing, on July 16, 2009~~, Biopure~~ ~~Corporation (~~the “Company”) ~~filed~~entered ainto ~~voluntary~~an ~~petition~~asset ~~for~~purchase ~~relief~~agreement with OPK Biotech LLC (the “~~Bankruptcy~~Purchase ~~Filing~~Agreement”) ~~under~~for ~~Chapter~~the 11sale of ~~the~~substantially ~~United~~all ~~States~~of ~~Bankruptcy~~its ~~Code~~assets. inUnder the ~~United~~terms ~~States~~of ~~Bankruptcy~~the ~~Court~~agreement, ~~for~~OPK ~~the~~Biotech ~~District~~LLC ofwill ~~Massachusetts (~~pay the ~~“Bankruptcy~~Company ~~Court”)~~$2.6 ~~The~~million ~~Company~~and will ~~continue~~provide debtor-in-possession financing up to ~~operate~~$500,000. The ~~its~~sale ~~business~~is ~~and~~subject ~~manage~~to ~~its~~customary ~~properties~~closing asconditions, ~~debtor~~approval inof ~~possession~~the ~~under~~Bankruptcy Court and the ~~jurisdiction~~conduct of ~~the~~a Bankruptcy Court ~~and~~supervised inauction ~~accordance~~process ~~with~~in which the ~~applicable~~Company ~~provisions~~will ofseek ~~the~~competing ~~Bankruptcy Code~~bids ~~and~~to ~~orders~~achieve of the ~~Bankruptcy~~highest ~~Court~~price possible for its assets.

~~The~~ITEM 3.01. ~~Company’s~~Notice ~~Chapter~~of 11Delisting ~~case~~or isFailure ~~administered~~to bySatisfy ~~the~~a ~~Bankruptcy~~Continued ~~Court~~Listing asRule ~~Case No~~or Standard; Transfer of Listing. ~~09-16725-FJB.~~

On July 17, 2009, Biopure Corporation (the “Company”) received notice from The Nasdaq Stock Market (“Nasdaq”) stating that the Company’s common stock would be delisted from Nasdaq because of concerns arising out of the Company’s filing for protection under Chapter 11 of the Bankruptcy Code. According to the notice, trading will be suspended at the opening of business on July 28, 2009.

The Company does not intend to appeal this decision.

On July 17, 2009, the Company issued a press release announcing its receipt of the Nasdaq’s notification. A copy of the press release is being furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits.

(d)

Exhibits

99.1 Press Release issued by the Company on July 17, 2009

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 hereunto duly authorized.

	BIOPURE CORPORATION	~~BIOPURE CORPORATION~~
Date: July 16, 2009		By:	/s/ Zafiris G. Zafirelis
Date: July 17, 2009	By:	/s/ Zafiris G. Zafirelis
		Zafiris G. Zafirelis	~~Zafiris G. Zafirelis~~
		President and Chief Financial Officer	~~President and Chief Financial Officer~~

EXHIBIT INDEX


Exhibit Number		Description
99.1		Press Release issued by Biopure Corporation on July 17, 2009

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