1 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): April 26, 2001 0-27352 (Commission File Number) HYBRIDON, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 04-3072298 (State or Other Jurisdiction of (I.R.S. Employer Incorporation) Identification No.) 345 Vassar Street, Cambridge, Massachusetts 02139 (Address of Principal Executive Offices) (617) 679-5500 (Registrant's Telephone Number, Including Area Code) 2 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On April 26, 2001, Hybridon, Inc. (the "Company") closed the sale of 2,350,000 common shares of the Company's holding of MethylGene Inc., a Canadian pharmaceutical research company ("MethylGene"), to Paul Capital Partners VI, L.P. and PCP Associates, L.P., both affiliates of Paul Capital Partners, an investment fund company specializing in secondary acquisitions, located in San Francisco, California ("Paul Capital"). As a result of arms-length negotiations between Paul Capital and the Company, Paul Capital paid $1.81 per share, for an aggregate sale price of approximately $4.3 million. 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. HYBRIDON, INC. By: /s/ Sudhir Agrawal -------------------------------------------- Name: Sudhir Agrawal Title: President and Chief Executive Officer Date: May 9, 2001