Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
PERSEUS SOROS BIOPHARMACEUTICAL FUND LP
  2. Issuer Name and Ticker or Trading Symbol
BIOENVISION INC [BIVN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
888 SEVENTH AVE, 30TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
07/10/2007
(Street)

NEW YORK, NY 10106
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/10/2007   J(4)   3,375,044 D $ 5.6 0 D (1) (2) (3)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Convertible Preferred Stock (5) 07/10/2007   J(4)     2,250,000   (5)   (5) Common Stock 4,500,000 $ 3 0 D (1) (2) (3)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PERSEUS SOROS BIOPHARMACEUTICAL FUND LP
888 SEVENTH AVE
30TH FLOOR
NEW YORK, NY 10106
    X    
PERSEUS SOROS PARTNERS LLC
888 SEVENTH AVE
30TH FL
NEW YORK, NY 10106
    X    
PERSEUS BIOTECH FUND PARTNERS LLC
2099 PENNSYLVANIA AVE NW
STE 900
WASHINGTON, DC 20006-1813
    X    
SFM PARTICIPATION LP
C/O SOROS FUND MANAGEMENT LLC
888 SEVENTH AVENUE, 31ST FLOOR
NEW YORK, NY 10106
    X    
SFM AH LLC
888 SEVENTH AVENUE
33RD FLOOR
NEW YORK, NY 10106
    X    
PERSEUSPUR LLC
2099 PENNSYLVANIA AVE NW
STE 900
WASHINGTON, DC 20006-1813
    X    
PEARL FRANK H
2099 PENNSYLVANIA AVENUE NW
SUITE 900
WASHINGTON, DC 20003
    X    
SOROS FUND MANAGEMENT LLC
888 SEVENTH AVENUE
33RD FLOOR
NEW YORK, NY 10106
    X    
SOROS GEORGE
888 SEVENTH AVE
33RD FLR
NEW YORK, NY 10106
    X    

Signatures

 /s/ Jodye Anzalotta, Assistant General Counsel (6)   07/12/2007
**Signature of Reporting Person Date

 /s/ Jodye Anzalotta, Assistant General Counsel (7)   07/12/2007
**Signature of Reporting Person Date

 /s/ Rona Kennedy, Secretary and Treasurer (8)   07/12/2007
**Signature of Reporting Person Date

 /s/ Jodye Anzalotta, Assistant General Counsel (9)   07/12/2007
**Signature of Reporting Person Date

 /s/ Jodye Anzalotta, Assistant General Counsel (10)   07/12/2007
**Signature of Reporting Person Date

 /s/ Rona Kennedy, Secretary and Treasurer (11)   07/12/2007
**Signature of Reporting Person Date

 /s/ Rona Kennedy, Attorney-in-Fact (12)   07/12/2007
**Signature of Reporting Person Date

 /s/ Jodye Anzalotta, Assistant General Counsel (13)   07/12/2007
**Signature of Reporting Person Date

 /s/ Jodye Anzalotta, Attorney-in-Fact (14)   07/12/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) All of the securities reported herein are held directly for the account of Perseus-Soros BioPharmaceutical Fund, LP ("Perseus-Soros") and indirectly by all of the other Reporting Persons, pursuant to the relationships set forth in this footnote (1) and footnote (2). Perseus-Soros Partners, LLC, a Delaware limited liability company ("Perseus-Soros Partners"), is the general partner of Perseus-Soros. Perseus BioTech Fund Partners, LLC, a Delaware limited liability company ("Perseus Partners"), and SFM Participation, L.P., a Delaware limited partnership ("SFM Participation"), are the managing members of Perseus-Soros Partners. Perseuspur, L.L.C., a Delaware limited liability company ("Perseuspur"), is the managing member of Perseus Partners.
(2) Mr. Frank Pearl ("Mr. Pearl") is the sole member of Perseuspur and in such capacity may be deemed a beneficial owner of securities held for the account of Perseus-Soros. SFM AH, LLC, a Delaware limited liability company ("SFM AH"), is the general partner of SFM Participation. The sole managing member of SFM AH is Soros Fund Management LLC, a Delaware limited liability company ("SFM LLC"). Mr. George Soros ("Mr. Soros") is the Chairman of SFM LLC and may be deemed a beneficial owner of securities held for the account of Perseus-Soros.
(3) Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), Perseus-Soros Partners, Perseus Partners, SFM Participation, Perseuspur, Mr. Pearl, SFM AH, SFM LLC, and Mr. Soros are deemed to be beneficial owners of the shares beneficially owned by Perseus-Soros only to the extent of the greater of its respective direct or indirect interest in the profits or capital account of Perseus-Soros. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that Perseus-Soros Partners, Perseus Partners, SFM Participation, Perseuspur, Mr. Pearl, SFM AH, SFM LLC, or Mr. Soros is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities owned by Perseus-Soros in excess of such amount.
(4) In accordance with the Agreement and Plan of Merger, dated as of May 29, 2007, among Genzyme Corporation, a Massachusetts corporation ("Parent"), the issuer and Wichita Bio Corporation, a Delaware corporation and a direct or indirect wholly-owned subsidiary of Genzyme Corporation ("MergerSub"), and the Tender and Voting Agreement, dated May 29, 2007, among Perseus-Soros, Parent and MergerSub, Perseus-Soros tendered all of its shares of Common Stock and Series A Convertible Preferred Stock in exchange for consideration equal to $5.60 per share of Common Stock and $11.20 per share of Series A Convertible Preferred Stock, plus any accrued but unpaid dividends with respect to such Series A Convertible Preferred Stock. On July 10, 2007, MergerSub accepted such shares for payment.
(5) Each share of Series A Convertible Preferred Stock was convertible into two shares of Common Stock at any time and had no expiration date.
 
Remarks:
(6)    Ms. Anzalotta is signing in her capacity as Ass't. General Counsel of Soros Fund Management LLC, as Managing Member of
 SFM AH LLC, as General Partner of SFM Participation, L.P., as Managing Member of Perseus-Soros Partners, LLC, as General
 Partner of Perseus-Soros BioPharmaceutical Fund, LP.
(7)    Ms. Anzalotta is signing in her capacity as Ass't. General Counsel of Soros Fund Management LLC, as Managing Member of
 SFM AH LLC, as General Partner of SFM Participation, L.P., as Managing Member of Perseus-Soros Partners, LLC.
(8)    Ms. Kennedy is signing in her capacity as Secretary and Treasurer of Perseuspur, L.L.C., as Managing Member of Perseus
 BioTech Fund Partners, LLC.
(9)    Ms. Anzalotta is signing in her capacity as Ass't. General Counsel of Soros Fund Management LLC, as Managing Member of
 SFM AH LLC, as General Partner of SFM Participation, L.P.
(10)    Ms. Anzalotta is signing in her capacity as Ass't. General Counsel of Soros Fund Management LLC, as Managing Member
 of SFM AH LLC.
(11)    Ms. Kennedy is signing in her capacity as Secretary and Treasurer of Perseuspur, L.L.C.
(12)    Ms. Kennedy is signing in her capacity as Attorney-in-Fact for Mr. Pearl.
(13)    Ms. Anzalotta is signing in her capacity as Ass't General Counsel of Soros Fund Management LLC.
(14)    Ms. Anzalotta is signing in her capacity as Attorney-in-Fact for Mr. Soros.

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