UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
			  (Amendment No. ______________)*
                                

                            Intrabiotics Pharmaceuticals, Inc.
        -----------------------------------------------------------------
                                (Name of Issuer)

                       Common Stock, $0.001 Par Value Per Share
        -----------------------------------------------------------------
                         (Title of Class of Securities)

                                    46116T100
                              --------------------
                                 (CUSIP Number)

                                December 14, 2005
        ----------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

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

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

*The remainder of this cover page shall be filled out for a reporting 
person's initial filing on this form with respect to the subject class of 
securities, and for any subsequent amendment containing information which 
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be 
deemed to be "filed" for the purpose of Section 18 of the Securities 
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that 
section of the Act but shall be subject to all other provisions of the Act 
(however, see the Notes).



CUSIP No. 46116T100                            
---------------------------------------------------------------------

1.       Names of Reporting Persons.
         I.R.S. Identification Nos. of above persons (entities only).
  
         Kellogg Capital Group, LLC
	 Tax I.D.:  13-4067067         
         ------------------------------------------------------------

2.       Check the Appropriate Box if a Member of a Group
         (a)
                  -----
         (b)        
                  -----

3.       SEC Use Only
                      ---------------------------------------------

4.       Citizenship or Place of Organization

         New York

            ----------------------------------------

 Number of Shares Beneficially Owned by Each Reporting Person With:  
    
	5.     Sole Voting Power          	     1,095,395
                                              --------------------------
      	6.     Shared Voting Power                     0
                                              --------------------------
     	7.     Sole Dispositive Power     	     1,095,395
                                              --------------------------
        8.     Shared Dispositive Power                0
                                              --------------------------

9.       Aggregate Amount Beneficially Owned by Each Reporting Person

         1,095,395
         ---------

10.      Check if the Aggregate Amount in Row (9) Excludes Certain
         Shares   
         
         ---------

11.      Percent of Class Represented by Amount in Row (9) 
                                                      
                                     
          11.8%
         ---------

12.      Type of Reporting Person

          BD
         ---------





Item 1.

         (a)      Name of Issuer

                  Intrabiotics Pharmaceuticals, Inc.
                  -------------------------------------------------------

         (b)      Address of Issuer's Principal Executive Offices

                  1009 Oak Hill Road
		  Suite 201
		  Lafayette, CA 94549		  
                  -------------------------------------------------------
Item 2.

         (a)      Name of Persons Filing

                  Kellogg Capital Group, LLC
                  -------------------------------------------------------

         (b)      Address of Principal Business Office or, if none,
                  Residence

                  55 Broadway, 4th Floor
		  New York, NY 10006
                  -------------------------------------------------------

         (c)      Citizenship

		  Kellogg Capital Group, LLC is organized under New York Law.
                  -------------------------------------------------------

         (d)      Title of Class of Securities

                  Common Stock, $0.001 Par Value Per Share
                  -------------------------------------------------------

         (e)      CUSIP Number

                  46116T100
                  -------------------------------------------------------

Item 3.   This statement is filed Pursuant to Rule 13d-1(b), and the Person 
          Filing is a:

	  (a) [X] Broker or dealer registered under Section 15 of the Act.


Item 4.   Ownership

          (a)  Amount beneficially owned: 1,095,395

          (b)  Percent of Class: 11.8%

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

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

		1,095,395

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

		     0

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

		1,095,395

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

		     0

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

          Not Applicable

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

          Not Applicable.

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

          Not applicable.

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 acquired and are held in the ordinary course
of business and were not aquired and are not held for the purpose of or with 
the efffect 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.


                                     

                                         January 5, 2006
                                         -------------------------------
                                                 Date


                                         Kellogg Capital Group, LLC

                                         Matthew Brand
                                         -------------------------------
                                         Managing Director
        

					 By:  /s/  Beth N. Lowson
                                         -------------------------------
					 Beth N. Lowson
					 The Nelson Law Firm, LLC
					 75 South Broadway, 4th Floor
					 White Plains, NY 10601
					 Attorney In Fact



					

				




                                     


                                        











			POWER OF ATTORNEY


The undersigned does hereby constitute and appoint Stephen J. Nelson, Mary Anne 
Mayo, and Beth N. Lowson, each of The Nelson Law Firm, LLC, 75 South Broadway, 
4th Floor, White Plains, NY 10601, signing singly, with full power of 
substitution, as the true and lawful attorney of the undersigned, and 
authorizes and designates each of them to sign on behalf of the undersigned, 
and to file filings and any amendments thereto made by or on behalf of the 
undersigned in respect of the beneficial ownership of equity securities held by 
the undersigned, directly, indirectly or beneficially, pursuant to Sections 
13(d), 13(g) and 16 of the Securities Exchange Act of 1934, as amended 
(the "Exchange Act"), and therules and regulations thereunder.  The undersigned 
acknowledges that the foregoing attorneys-in-fact, in serving in such capacity 
at the request of the undersigned, are not assuming any of the undersigned's 
responsibilities to comply with Sections 13(d), 13(g) or 16 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until withdrawn 
by the undersigned in a signed writing delivered to the foregoing attorneys-
in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be 
executed as of this 4th day of January, 2006. 

                                         



                                                        /s/ Matthew Brand
                                                        -----------------------
							Matthew Brand