BJGP Bmp Sunstone Corp. (MM)

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULES 13d-1(b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. )

BMP Sunstone Corporation

(Name of Issuer)

Common Stock, par value $0.001 per share
(Title of Class of Securities)

077255107
(CUSIP NUMBER)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)

-------------------------------------------------------------------------------
 NUMBER OF SOLE VOTING POWER 0
 SHARES
 BENEFICIALLY
 OWNED BY
 EACH
 REPORTING
 PERSON WITH
-------------------------------------------------------------------------------
 SHARED VOTING POWER 2,462,971
-------------------------------------------------------------------------------
 SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
 SHARED DISPOSITIVE POWER 2,462,971
--------------------------------------------------------------------------------

*SEE INSTRUCTION BEFORE FILLING OUT!

-------------------------------------------------------------------------------
 NUMBER OF SOLE VOTING POWER 0
 SHARES
 BENEFICIALLY
 OWNED BY
 EACH
 REPORTING
 PERSON WITH
-------------------------------------------------------------------------------
 SHARED VOTING POWER 2,462,971
-------------------------------------------------------------------------------
 SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
 SHARED DISPOSITIVE POWER 2,462,971
--------------------------------------------------------------------------------

*SEE INSTRUCTION BEFORE FILLING OUT!

Item 1(a). Name of Issuer:

BMP Sunstone Corporation

Item 1(b). Address of Issuer's Principal Executive Offices:

600 W. GERMANTOWN PIKE
SUITE 400
PLYMOUTH MEETING PA 19462

Item 2(a). Name of Persons Filing:

This Schedule 13G is being filed with respect to shares of Common Stock of the Issuer which are beneficially owned by Paul Glazer (the "Reporting Person").

Item 2(b). Address of Principal Business Office or, if None, Residence:

The principal business address of the Reporting Persons is:

623 Fifth Ave Suite 2502
New York, New York 10022

Item 2(c). Citizenship:

Mr. Glazer is a citizen of the United States of
America.

Item 2(d). Title of Class of Securities:

Common Stock, par value $0.001 per share

Item 2(e). CUSIP Number:

077255107

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a: Not Applicable

(a) [ ] Broker or dealer registered under Section 15 of the Exchange Act;

(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;

(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Exchange Act;

(d) [ ] Investment Company registered under Section 8 of the Investment Company Exchange Act;

(e) [ ] Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f) [ ] Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g) [ ] Parent Holding Company or Control Person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h) [ ] Saving Association as defined in Section 3(b) of The Federal Deposit Insurance Act;

(i) [ ] Church Plan that is excluded from the definition of an Investment Company under Section 3(c)(14) of the Investment Company Act;

(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If this statement is filed pursuant to Sec. 240.13d-1(c), check this box [ x ].

Item 4. Ownership.

 (a) Amount beneficially owned:

 Paul Glazer: 2,462,971
 GCL: 2,462,971


 (b) Percent of Class:

 Paul Glazer: 5.7%
 GCL: 5.7%


 (c) Number of shares as to which such person has:

 (i) Sole power to vote or direct the vote:

 Paul Glazer: 0
 GCL: 0



 (ii) Shared power to vote or to direct the vote:

 Paul Glazer: 2,462,971
 GCL: 2,462,971



 (iii) Sole power to dispose or direct the disposition of:

 Paul Glazer: 0
 GCL: 0



 (iv) Shared power to dispose or to direct the disposition of:

 Paul Glazer: 2,462,971
 GCL: 2,462,971

As calculated in accordance with Rule 13d-3 of the Securities Exchange Act of 1934, as amended, Paul J. Glazer beneficially owns 2,462,971 shares of the Issuers Common Stock, par value $0.001 ("Common Stock"), representing 5.7% of the Common Stock. Mr. Glazer does not directly own any shares of Common Stock, but he does indirectly own 2,462,971 shares of Common Stock in his capacity as (i) the managing member of Paul J. Glazer, LLC, a Delaware limited liability company, which in turn serves as the general partner of Glazer Capital Management L.P.,("GCM") and Glazer Qualified Partners, L.P. ("GQP"), Glazer Enhanced Fund, L.P. ("GEF") all Delaware limited partnerships and (ii) the managing member of Glazer Capital, LLC ("GCL") which in turn serves as the investment manager of GCM, GQP, GEF, Glazer Offshore Fund, Ltd.("GOF") and Glazer Enhanced Offshore Fund, Ltd.("GEOF") both Cayman Islands corporations. In addition, GCL manages on a discretionary basis separate accounts for three unrelated entities that own shares of Common Stock (collectively, the Separate Accounts). Although Mr. Glazer does not directly own any shares of Common Stock, Mr. Glazer is deemed to beneficially own the 2,462,971 shares of Common Stock held by GOF, GEOF, GCM, GQP, GEF and the Separate Accounts.

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ]

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Each of GOF, GEOF, GCM, GQP, GEF and the Separate Accounts has the right to receive dividends and the proceeds from the sale of the shares of Common Stock held by such person.

Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding Company.

Not Applicable

Item 8. Identification and Classification of Members of the Group.

See Exhibit B hereof

Item 9. Notice of Dissolution of Group.

Not Applicable

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 14, 2011

PAUL J. GLAZER

By: /s/ Paul J. Glazer
 --------------------------
Name: Paul J. Glazer

Glazer Capital, LL

By: /s/ Paul J. Glazer
 --------------------------
Name: Paul J. Glazer
Title: Managing Member

The undersigned agree that this Schedule 13G, and all amendments thereto, relating to the Common Stock of BMP Sunstone Corporation shall be filed on behalf of the undersigned.

PAUL J. GLAZER

/s/ Paul J. Glazer
----------------------
Name: Paul J. Glazer

GLAZER CAPITAL, LLC

By: /s/ Paul J. Glazer
 --------------------------
Name: Paul J. Glazer
Title: Managing Member

Exhibit B

Due to the relationships between them, the reporting persons hereunder may be deemed to constitute a "group" with one another for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934.

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