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
May 3, 2006
Date of Report (Date of earliest event reported)
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ANTIGENICS INC.
(Exact name of registrant as specified in its charter)
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DELAWARE 000-29089 06-1562417
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
630 Fifth Avenue, Suite 2100
New York, NY 10111 10111
(Address of principal executive offices) (Zip Code)
212-994-8200
(Registrant's telephone number, including area code)
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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 (see General Instruction A.2. below):
[ ] 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 2.02 Results of Operations and Financial Condition
On May 3, 2006, Antigenics Inc. announced its financial results
for the quarter ended March 31, 2006. The full text of the press
release issued in connection with the announcement is being
furnished as Exhibit 99.1 to this current report on Form 8-K.
Item 2.05 Costs Associated with Exit or Disposal Activities
On March 24, 2006, Antigenics Inc. announced its plan to
restructure the Company with the goal of reducing its burn rate.
In April, the Company initiated the implementation of its
restructuring plan. During the quarter ending June 30, 2006, the
Company will eliminate 42 positions and has estimated its costs
related to this reduction to be approximately $535,000.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
The following exhibit is furnished herewith:
99.1 Press Release dated May 3, 2006
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.
ANTIGENICS INC.
Date: May 3, 2006 By: /s/ Garo H. Armen
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Garo H. Armen, Ph.D.
Chairman and Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description of Exhibit
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99.1 Press Release dated May 3, 2006