SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BALYASNY ASSET MANAGEMENT LLC (Last) (First) (Middle) 135 E. 57TH STREET, 27TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol NORTHFIELD LABORATORIES INC /DE/ [ NFLD ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 12/27/2006
	4. If Amendment, Date of 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

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*	12/26/2006	12/27/2006	X		37,500	A	$12.5	2,687,700	I	See Footnotes(1)(2)
Common Stock	12/27/2006	12/27/2006	P		72,100	A	$3.8374	2,759,800	I	See Footnotes(1)(2)
Common Stock*	01/03/2007	01/03/2007	X		5,000	A	$12.5	2,764,800	I	See Footnotes(1)(2)
Common Stock*	01/09/2007	01/09/2007	X		2,000	A	$12.5	2,766,800	I	See Footnotes(1)(2)
Common Stock*	01/11/2007	01/11/2007	X		1,900	A	$12.5	2,768,700	I	See Footnotes(1)(2)
Common Stock*	01/11/2007	01/11/2007	X		2,500	A	$10	2,771,200	I	See Footnotes(1)(2)
Common Stock*	01/12/2007	01/12/2007	X		400	A	$12.5	2,711,600	I	See Footnotes(1)(2)
Common Stock*	01/16/2007	01/16/2007	X		2,500	A	$12.5	2,774,100	I	See Footnotes(1)(2)
Common Stock*	01/17/2007	01/17/2007	X		2,500	A	$12.5	2,776,600	I	See Footnotes(1)(2)
Common Stock*	01/18/2007	01/17/2007	X		2,500	A	$12.5	2,779,100	I	See Footnotes(1)(2)
Common Stock*	01/19/2007	01/19/2007	X		116,800	D	$5	2,662,300	I	See Footnotes(1)(2)
Common Stock*	01/19/2007	01/19/2007	X		348,700	D	$7.5	2,313,600	I	See Footnotes(1)(2)
Common Stock*	01/19/2007	01/19/2007	X		85,000	A	$12.5	2,398,600	I	See Footnotes(1)(2)
Common Stock*	01/19/2007	01/19/2007	X		3,700	A	$10	2,402,300	I	See Footnotes(1)(2)

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 Securities Underlying Derivative Security (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: 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
Stock Option (right to buy)*	$25	01/19/2007	01/19/2007	H			4,814	12/26/2006	01/20/2007	Common Stock	0	$0	0	I	See Footnotes(1)(2)
Stock Option (right to buy)*	$7.5	01/19/2007	01/19/2007	H			4,180	12/26/2006	01/20/2007	Common Stock	0	$0	0	I	See Footnotes(1)(2)
Stock Option (right to buy)*	$22.5	01/19/2007	01/19/2007	H			15,265	12/26/2006	01/20/2007	Common Stock	0	$0	0	I	See Footnotes(1)(2)
Stock Option (right to sell)*	$5	01/19/2007	01/19/2007	X			1,168	12/26/2006	01/20/2007	Common Stock	116,800	$0	0	I	See Footnotes(1)(2)
Stock Option (right to sell)*	$15	01/19/2007	01/19/2007	X			2,500	12/26/2006	01/20/2007	Common Stock	250,000	$0	0	I	See Footnotes(1)(2)
Stock Option (right to sell)*	$7.5	01/19/2007	01/19/2007	S			1,000	12/26/2006	01/20/2007	Common Stock	100,000	$3.3836	3,487	I	See Footnotes(1)(2)
Stock Option (right to sell)*	$7.5	01/19/2007	01/19/2007	X			3,487	12/26/2006	01/20/2007	Common Stock	348,700	$0	0	I	See Footnotes(1)(2)

1. Name and Address of Reporting Person* BALYASNY ASSET MANAGEMENT LLC (Last) (First) (Middle) 135 E. 57TH STREET, 27TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Atlas Master Fund, Ltd. (Last) (First) (Middle) C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

1. Name and Address of Reporting Person* Atlas Global, LLC (Last) (First) (Middle) C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

1. Name and Address of Reporting Person* ATLAS GLOBAL INVESTMENTS LTD (Last) (First) (Middle) C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

1. Name and Address of Reporting Person* Atlas Global Investments II, Ltd. (Last) (First) (Middle) C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

1. Name and Address of Reporting Person* Visium Balanced Fund LP (Last) (First) (Middle) C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

1. Name and Address of Reporting Person* VISIUM LONG BIAS FUND L P (Last) (First) (Middle) C/O BALYASNY ASSET MANAGEMENT L.P. 135 E. 57TH STREET, 27TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

1. Name and Address of Reporting Person* VISIUM BALANCED OFFSHORE FUND LTD (Last) (First) (Middle) C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

1. Name and Address of Reporting Person* Visium Capital Management, LLC (Last) (First) (Middle) C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

1. Name and Address of Reporting Person* Balyasny Dmitry (Last) (First) (Middle) 181 W. MADISON STREET; SUITE 3600 (Street) CHICAGO IL 60602 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. These shares are held as follows: Atlas Master Fund, Ltd. ("AMF") owns 5.86% or 176 shares; Visium Balanced Fund, LP ("VBF") owns 21.92% or 657 shares; Visium Long Bias Fund, LP ("VLB") owns 9.41% or 282 shares; Visium Balanced Offshore Fund, Ltd. ("VBOF") owns 36.34% or 1,090 shares; and Visium Long Bias Offshore Fund Ltd. ("VLBOF") owns 25.85% or 775 shares. Additionally, Dmitry Balyasny owns 0.63% or 19 shares. By virtue of its position as investment advisor and/or sub-advisor to each of Atlas Master Fund, Ltd. ("AMF"), Atlas Global, LLC ("AG"), Atlas Global Investments, Ltd. ("AGI"), Atlas Global Investments II, Ltd. ("AGII"), Visium Balanced Fund LP ("VBF"), Visium Long Bias Fund LP ("VLB"), Visium Balanced Offshore Fund, Ltd. ("VBOF") and Visium Long Bias Offshore Fund Ltd. ("VLBOF"), Balyasny Asset Management L.P. may be deemed to beneficially own all 2,999 shares of Common Stock.

2. By virtue of Atlas Global, LLC's ("AG") ownership of 10.79% of the equity interest in AMF, AG may be deemed to beneficially own the 324 shares of Northfield Laboratories, Inc.'s ("NFLD") stock that is beneficially owned by AMF. By virtue of Atlas Global Investments, Ltd. ("AGI") ownership of 83.72% of the equity interest in AMF, AGI may be deemed to beneficially own the 2,511 shares of NFLD stock that is beneficially owned by AMF. By virtue of Atlas Global Investments II, Ltd. ("AGII") ownership of 5.48% of the equity interest in AMF, AGII may be deemed to beneficially own the 164 shares of OTCI stock that is beneficially owned by AMF.

	/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR BALYASNY ASSET MANAGEMENT L.P.	01/23/2007
	/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS MASTER FUND, LTD.	01/23/2007
	/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS GLOBAL, LLC	01/23/2007
	/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS GLOBAL INVESTMENTS, LTD.	01/23/2007
	/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS GLOBAL INVESTMENTS II, LTD.	01/23/2007
	/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR VISIUM BALANCED FUND, LP	01/23/2007
	/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR VISIUM LONG BIAS FUND, LP	01/23/2007
	/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR VISIUM BALANCED OFFSHORE FUND, LTD.	01/23/2007
	/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR VISIUM CAPITAL MANAGEMENT, LLC	01/23/2007
	/s/ SCOTT SCHROEDER, AUTHORIZED REPRESENTATIVE AND EXECUTIVE OFFICER OF BALYASNY ASSET MANAGEMENT L.P. FOR DMITRY BALYASNY	01/23/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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