Document:

Exhibit
4.8

    

    SCHEDULE
OF WARRANTS

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              	
                                                                                      Warrant

                                                                                      No.

                                                                                    	 	
                                                                                      Issuance

                                                                                      Date

                                                                                    	 	
                                                                                      Expiration

                                                                                      Date

                                                                                    	 	
                                                                                      Issued To:

                                                                                    	 	
                                                                                      Original

                                                                                      No. of

                                                                                      Shares

                                                                                    	 	 	
                                                                                      Exercise

                                                                                      Price

                                                                                    	 
	  	 	  	 	 
      	 	 
      	 	 	 	 	 	 
	
                                                                                      2007A-1

                                                                                    	 	
                                                                                      10/30/2007

                                                                                    	 	
                                                                                      10/30/2013

                                                                                    	 	
                                                                                      DEERFIELD
      PRIVATE DESIGN INTERNATIONAL, L.P.

                                                                                    	 	 	2,481,077	 	 	 	1.31	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                                                                                      2007A-2

                                                                                    	 	
                                                                                      10/30/2007

                                                                                    	 	
                                                                                      10/30/2013

                                                                                    	 	
                                                                                      DEERFIELD
      SPECIAL SITUATIONS FUND, L.P.

                                                                                    	 	 	283,896	 	 	 	1.31	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                                                                                      2007A-3

                                                                                    	 	
                                                                                      10/30/2007

                                                                                    	 	
                                                                                      10/30/2013

                                                                                    	 	
                                                                                      DEERFIELD
      SPECIAL SITUATIONS FUND INTERNATIONAL LIMITED

                                                                                    	 	 	520,343	 	 	 	1.31	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                                                                                      2007A-4

                                                                                    	 	
                                                                                      10/30/2007

                                                                                    	 	
                                                                                      10/30/2013

                                                                                    	 	
                                                                                      DEERFIELD
      PRIVATE DESIGN FUND, L.P.

                                                                                    	 	 	1,540,117	 	 	 	1.31	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                                                                                      2007A-5

                                                                                    	 	
                                                                                      10/14/2008

                                                                                    	 	
                                                                                      10/14/2014

                                                                                    	 	
                                                                                      DEERFIELD
      PRIVATE DESIGN INTERNATIONAL, L.P.

                                                                                    	 	 	437,112	 	 	 	1.31	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                                                                                      2007A-6

                                                                                    	 	
                                                                                      10/14/2008

                                                                                    	 	
                                                                                      10/14/2014

                                                                                    	 	
                                                                                      DEERFIELD
      SPECIAL SITUATIONS FUND, L.P.

                                                                                    	 	 	50,016	 	 	 	1.31	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                                                                                      2007A-7

                                                                                    	 	
                                                                                      10/14/2008

                                                                                    	 	
                                                                                      10/14/2014

                                                                                    	 	
                                                                                      DEERFIELD
      SPECIAL SITUATIONS FUND INTERNATIONAL LIMITED

                                                                                    	 	 	91,673	 	 	 	1.31	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                                                                                      2007A-8

                                                                                    	 	
                                                                                      10/14/2008

                                                                                    	 	
                                                                                      10/14/2014

                                                                                    	 	
                                                                                      DEERFIELD
      PRIVATE DESIGN FUND, L.P.

                                                                                    	 	 	271,335	 	 	 	1.31Exhibit
10.23

    

    AMENDMENT
NO. 1 TO

    EMPLOYMENT
AGREEMENT

        

    THIS
AMENDMENT NO. 1 (the “Amendment”) to
Employment Agreement, is made as of October 31, 2008, by and between Hana
Biosciences, Inc., a Delaware corporation (the “Company”), and John
P. Iparraguirre (“Employee”).

     

    WHEREAS,
the parties hereto entered into that certain Employment Agreement dated December
18, 2006 (the “Employment
Agreement”); and

     

    WHEREAS,
notwithstanding any provision to the contrary contained in the Employment
Agreement, the parties desire to amend the Employment Agreement in order to
extend the Term (as defined in the Employment Agreement).

     

    NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants and agreements hereinafter
set forth, the Company and Executive agree as follows:

     

    1.           Section
2 of the Agreement is hereby amended and restated in its entirety, as
follows:

    

    “2.  Term.  Employee’s
employment under this Agreement shall commence as of January 1, 2007 (the
“Effective Date”) and shall continue for a period ending on October 31, 2009,
unless earlier terminated in accordance with the provisions of Section 8 below
(the “Term”).”

    

    2.           All
capitalized terms used but not defined herein shall have the meanings ascribed
to them in the Agreement.  Except as amended or modified by this Amendment,
the parties hereby confirm all other terms and provisions of the
Agreement.  This Amendment may be executed in any number of
counterparts, each of which shall constitute an original, but all of which
together shall constitute one and the same instrument.

    

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
first above written.

    

    
      
        
          
            
              	
                      COMPANY:

                    	 	
                      EMPLOYEE:

                    
	  	  	 	  	  
	
                      Hana Biosciences, Inc.

                    	 	  	  
	  	  	 	  	  
	
                      By:

                    	
                      /s/ Steven R. Deitcher

                    	 	
                      By:

                    	
                      /s/ John P. Iparraguirre

                    
	
                      Steven R. Deitcher, M.D.

                    	 	
                      John P. Iparraguirre

                    
	
                      President & Chief Executive Officer

                    	 	
                      Vice President & Chief Financial Officer

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