Form: 8-K

Current report filing

June 11, 2007

8-K: Current report filing

Published on June 11, 2007


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): June 11, 2007




Access Pharmaceuticals, Inc.
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(Exact name of registrant as specified in its charter)


Delaware 0-9314 83-0221517
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(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)


2600 Stemmons Freeway, Suite 176, Dallas, Texas 75207
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(Address of principal executive offices) (Zip Code)


Registrant's telephone number, including area code: (214) 905-5100
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Item 1.01 Entry into a Material Definitive Agreement
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On June 11, 2007, Access Pharmaceuticals, Inc. ("Access") entered into
an amendment to its 7.0% (Subject to Adjustment) Convertible Promissory
Notes with Oracle Partners LP, Oracle Institutional Partners LP, SAM
Oracle Investments Inc. and Oracle Offshore Ltd. agreeing to extend
the maturity date of the notes to July 27, 2007 from June 12, 2007.
The notes in aggregate total $4,015,000.

On June 11, 2007, Access entered into an amendment to its 7.5%
Convertible Notes with SCO Capital Partners LLC, Beach Capital LLC and
Lake End Capital LLC agreeing to extend the maturity date of the notes
to July 26, 2007 from June 11, 2007. The notes in aggregate
total $6,000,000.

All other terms of the notes remain the same.


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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 hereunto duly authorized.



Access Pharmaceuticals, Inc.
(Registrant)

By: /s/ Stephen B. Thompson
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Stephen B. Thompson
Vice President and
Chief Financial Officer

Dated June 11, 2007

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