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) August 10, 1994 (August 1, 1994) Synergen, Inc. (Exact name of registrant as specified in its charter) Delaware 0-14339 84-0868248 (State or other juris- (Commission (I.R.S. Employer diction of incorporation) File No.) Identification No.) 1885 33rd Street, Boulder, Colorado 80301 Address of principal executive officers (Zip code) Registrant's telephone number including area code: (303) 938-6200 Item 5. Other Events. On August 1, 1994, Synergen, Inc. ("Synergen" or "the Company") announced that it had reduced its staff by 60 percent, or 375 employees. (See press release filed as Exhibit 1 to this report.) The staff reduction followed Synergen's announcement on July 18, 1994 that it had stopped its follow-up Phase III clinical trial of ANTRILtm for severe sepsis because an interim analysis of the data showed a lack of efficacy of the product for that indication. The staff reduction is part of the Company's efforts to conserve cash and permit continued development of its priority projects. The Company is also evaluating strategic alternatives for its business and research and development programs. Item 7. Financial Statements and Exhibits. 1. Press release dated August 1, 1994 2. Letter to Stockholders dated August 4, 1994 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. SYNERGEN, INC. August 10, 1994 Kenneth J. Collins Executive Vice President, Finance and Administration