SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12b-25

                        Commission File Number 333-105793

                           NOTIFICATION OF LATE FILING

(Check One): |X|  Form 10-KSB  |_|  Form 11-K   |_|  Form 20-F    |_| Form 10-Q
                |_| Form N-SAR

For Period Ended:                 December 31, 2006
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|_|  Transition Report on Form 10-K   |_|  Transition Report on Form 10-Q
|_|  Transition Report on Form 20-F   |_|  Transition Report on Form N-SAR
|_|  Transition Report on Form 11-K

For the Transition Period Ended:
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READ ATTACHED  INSTRUCTION  SHEET BEFORE  PREPARING  FORM.  PLEASE PRINT OR
TYPE.
Nothing in this form shall be  construed to imply that the  Commission  has
verified any information contained herein.
If the  notification  relates  to a portion of the  filing  checked
above, identify the item(s) to which the notification relates:
 __________________________________________________________________

                                     PART I
                             REGISTRANT INFORMATION

Full name of registrant        CepTor Corporation
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Former name if applicable
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                         462 Seventh Avenue, Suite 1200
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Address of principal executive office (Street and number)

City, state and zip code       New York, NY 10018
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                                     PART II
                             RULE 12b-25(b) AND (c)

      If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)

|X|       (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;

|X|       (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the 15th calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion thereof will be
filed on or before the fifth calendar day following the prescribed due date; and

|_|       (c) The accountant's statement or other exhibit required by Rule
12b-25(c)has been attached if applicable.




                                    PART III
                                    NARRATIVE

      State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)

      Due to certain transactions occurring during the fourth quarter of 2006
and the complexity of the accounting review required, the Registrant was unable
to file the Form 10-KSB for the fiscal year ended December 31, 2006 by April 2,
2007 without unreasonable effort or expense.

                                     PART IV
                                OTHER INFORMATION

      (1) Name and telephone number of person to contact in regard to this
notification

        Howard Becker                 (212)                 629-0804
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          (Name)                   (Area Code)         (Telephone number)

      (2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s). |X| Yes |_| No

      (3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
                                                              |_| Yes |X| No

     If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.

                               CepTor Corporation
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                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date March 30, 2007                     /s/ Howard Becker
----------------------             ------------------------------------
                                   Name:  Howard Becker
                                   Title: Chief Executive Officer

INSTRUCTION. The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

                                    ATTENTION

Intentional misstatements or omissions of fact constitute Federal criminal
violations. (See 18 U.S.C. 1001).