Exhibit 10.36

ALLOS THERAPEUTICS, INC.  EMPLOYMENT AGREEMENT FOR  PABLO J. CAGNONI

THIS EMPLOYMENT AGREEMENT(the "Agreement") is entered into as of
October 7, 2003, by and betweenALLOS THERAPEUTICS, INC.,(the "Company"), and PABLO J. CAGNONI("Executive") (collectively, the
"Parties").

WHEREAS, Executive is critical to the Company's current product development activities and NDA submission, as well as the ongoing
operation of the Company; and

WHEREAS, the Company wishes to continue to employ Executive and assure itself of the continued services of Executive during this critical
period, on the terms set forth herein; and

WHEREAS, Executive wishes to be so employed under the terms set forth herein.

NOW, THEREFORE,in consideration of the promises, mutual covenants, the above recitals, and the agreements herein set forth, and for other
good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties agree to the following terms and conditions of Executive's employment:

1.EMPLOYMENT.The Company hereby agrees to employ Executive as Vice President of Clinical
Developmentand Executive hereby accepts such employment upon the terms and conditions set forth herein.

2.AT-WILL EMPLOYMENT.It is
understood and agreed by the Company and Executive that this Agreement does not contain any promise or representation concerning the duration of Executive's employment with the Company. Executive
specifically acknowledges that his employment with the Company is at-will and may be altered or terminated by either Executive or the Company at any time, with or without cause and/or with
or without notice. The nature, terms or conditions of Executive's employment with the Company cannot be changed by any oral representation, custom, habit or practice, or any other writing. In
addition, that the rate of salary, any bonuses, paid time off, other compensation, or vesting schedules are stated in units of years or months does not alter the at-will nature of the
employment, and does not mean and should not be interpreted to mean that Executive is guaranteed employment to the end of any period of time or for any period of time. In the event of conflict
between this disclaimer and any other statement, oral or written, present or future, concerning terms and conditions of employment, the
at-will relationship confirmed by this disclaimer shall control. This at-will status cannot be altered except in writing signed by Executive and the Chairman of the Board of
Directors.

3.DUTIES.Executive shall render full-time services
to the Company as its Vice President of Clinical Development. Executive shall devote his best efforts and his full business time, skill and attention to the performance of his duties on behalf of the
Company. Of course, the Company reserves the right to modify Executive's job duties and responsibilities as necessary.

4.POLICIES AND PROCEDURES.Executive agrees that he is subject
to and will comply with the policies and procedures of the Company, as such policies and procedures may be modified, added to or eliminated from time to time at the sole discretion of the Company,
except to the extent any such policy or procedure specifically conflicts with the express terms of this Agreement. Executive further agrees and acknowledges that any written or oral policies and
procedures of the Company do not constitute contracts between the Company and Executive.

5.COMPENSATION.For all services rendered and to be rendered
hereunder, the Company agrees to pay to the Executive, and the Executive agrees to accept a base salary of $225,000 per

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annum.
Any such salary shall be payable in equal biweekly installments and shall be subject to such deductions or withholdings as the Company is required to make pursuant to law, or by further
agreement with the Executive. The Board of Directors may adjust the Executive's compensation from time to time in its sole and complete discretion.

6.BONUS.Executive will be eligible for a discretionary bonus,
based on both corporate and individual goals, in an amount equal to 25% of Executive's base salary ("Bonus"). The decision to award the Bonus and/or to
modify the amount of any bonus given is within the sole and complete discretion of the Board.

7.OTHER BENEFITS.While employed by the Company as provided
herein:



8.PROPRIETARY AND OTHER OBLIGATIONS.Executive agrees to
continue to abide by Executive's previously executed Proprietary Information, Inventions, Non-Competition and Non-Solicitation Agreement attached hereto as Exhibit A(the "Confidentiality Agreement").

9.TERMINATION.Executive and the Company each acknowledge that
either party has the right to terminate Executive's employment with the Company at any time for any reason whatsoever, with or without cause or advance notice pursuant to the following:



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10.Definitions.



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11.TERMINATION OF COMPANY'S OBLIGATIONS.Notwithstanding any
provisions in this Agreement to the contrary, the Company's obligations, and Executive's rights pursuant to Sections 9(d) and 9(e) herein, regarding salary continuation and the payment of COBRA
premiums, shall cease and be rendered a nullity immediately should Executive fail to comply with the provisions of the Confidentiality Agreement or if Executive directly or indirectly competes with
the Company.

12.MISCELLANEOUS.



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[Remainder of Page Intentionally Left Blank]

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IN WITNESS WHEREOF,the parties have each duly executed this Employment Agreement effective as of the day and year first above written.

| |  | ALLOS THERAPEUTICS, INC.
| |  | ------------------------
| |  | /s/MICHAEL HART         
| |  | By:                     
| |  | Its:                    

| |  | Address: | 11080 CirclePoint Road
Westminster, CO 80020
| |  | -------- | --------------------------------------------

| |  | EXECUTIVE:                         
| |  | -----------------------------------
| |  | /s/PABLO J. CAGNONIPablo J. Cagnoni

| |  | Address: | 371 Birch Street
Denver, Colorado 80220
| |  | -------- | ---------------------------------------

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EXHIBIT A TO EMPLOYMENT AGREEMENT

MANAGER, EXECUTIVE PERSONNEL OR ASSISTANTS'
PROPRIETARY INFORMATION, INVENTIONS,
NON-COMPETITION, AND NON-SOLICITATION AGREEMENT

[Attach executed copy]

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EXHIBIT B TO EMPLOYMENT AGREEMENT

RELEASE AGREEMENT

I understand that my position with Allos Therapeutics, Inc. (the "Company") terminated
effective                        ,            (the "Separation Date").
The Company has agreed that if I choose to sign this Release, the Company will pay me certain severance or consulting benefits pursuant to the terms of the Employment Agreement (the "Agreement")
between myself and the Company, and any agreements incorporated therein by reference. I understand that I am not entitled to such benefits unless I sign this Release and it becomes fully effective. I
understand that, regardless of whether I sign this Release, the Company will pay me all of my accrued salary and vacation through the Separation Date, to which I am entitled by law.

In
consideration for the severance benefits I am receiving under the Agreement, I hereby release the Company and its officers, directors, agents, attorneys, employees, shareholders,
parents, subsidiaries, and affiliates from any and all claims, liabilities, demands, causes of action, attorneys' fees, damages, or obligations of every kind and nature, whether they are now known or
unknown, arising at any time prior to the date I sign this Release. This general release includes, but is not limited to: all federal and state statutory and common law claims, claims related to my
employment or the termination of my employment or related to breach of contract, tort, wrongful termination, discrimination, wages or benefits, or claims for any form of equity or compensation.
Notwithstanding the release in the preceding sentence, I am not releasing any right of indemnification I may have for any liabilities arising from my actions within the course and scope of my
employment with the Company.

If
I am forty (40) years of age or older as of the Separation Date, I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the federal
Age Discrimination in Employment Act of 1967, as amended ("ADEA"). I also acknowledge that the consideration given for the waiver in the above paragraph is in addition to anything of value to which I
was already entitled. I have been advised by this writing, as required by the ADEA that: (a) my waiver and release do not apply to any claims that may arise after my signing of this Release;
(b) I should consult with an attorney prior to executing this Release; (c) I have twenty-one (21) days within which to consider this Release (although I may choose to
voluntarily execute this Release earlier); (d) I have seven (7) days following the execution of this release to revoke the Release; and (e) this Release will not be effective
until the eighth day after this Release has been signed both by me and by the Company ("Effective Date").

|Agreed:                 |  |                  | 
|----------------------- |  | ---------------- | 
|ALLOS THERAPEUTICS INC. |  | PABLO J. CAGNONI
|By:                     |  |                  | 

|Name: |  |  |  | 
|----- |  |  |  | 

|Title: |  |  |  | 
|------ |  |  |  | 

|Date: |  |  | Date: | 
|----- |  |  | ----- | 

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