Columbia Laboratories Moves to NASDAQ National Market Under New Symbol CBRX
February 13 2004 - 8:00AM
PR Newswire (US)
Columbia Laboratories Moves to NASDAQ National Market Under New
Symbol CBRX LIVINGSTON, N.J., Feb. 13 /PRNewswire-FirstCall/ --
Columbia Laboratories today announced that the Company's Common
Stock will begin trading from today on the NASDAQ National Market
under the symbol "CBRX." Columbia's Common Stock had previously
traded on the American Stock Exchange under the symbol "COB"
through Feb. 12, 2004. "We are very pleased to move to NASDAQ, the
premier stock market for life sciences companies,"said Fred
Wilkinson, Columbia's president and chief executive officer. "Our
listing marks another significant milestone in the evolution of
Columbia, and NASDAQ will provide the Company with improved
liquidity as well as increased visibility to healthcare investors."
"We look forward to Columbia Laboratories joining the NASDAQ
National Market," said Bruce Aust, Executive Vice President of The
NASDAQ Stock Market. "Columbia will be joining a large group of
innovative life sciences companies within our marketplace. We look
forward to helping Columbia achieve increased recognition with the
investment community." Columbia Laboratories, Inc. is a U.S.-based
international pharmaceutical company dedicated to research and
development of women's health care and endocrinology products,
including those intended to treat infertility, dysmenorrhea,
endometriosis and hormonal deficiencies. Columbia has introduced
Striant(R) (testosterone buccal system) for treatment of
hypogonadism in men. Columbia's products primarily utilize the
company's patented Bioadhesive Delivery System (BDS) technology.
For more information, please visit http://www.columbialabs.com/.
This press release contains statements that constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Those statements
include statements regarding the intent, belief or current
expectations of the company and its managementteam. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements. Such risks and
uncertainties include, among other things, the successful launch
and marketing of Striant(R), the impact of competitive products and
pricing; success in obtaining acceptance and approval of new
products by FDA and international regulatory agencies; competitive
economic and regulatory factors in the pharmaceutical and health
care industry, general economic conditions and other risks and
uncertainties that may be detailed, from time-to-time, in
Columbia's reports filed with the Securities and Exchange
Commission. The company undertakes no obligation to publicly update
any forward-looking statements. DATASOURCE: Columbia Laboratories
CONTACT: Jim Apostolakis, Vice Chairman, +1-212-588-1900, or David
Weinberg, Chief Financial Officer, +1-973-994-3999, both of
Columbia Laboratories, Inc.; Investors - Ritu Baral of The Trout
Group, +1-212-477-9007, ext. 25, for Columbia Laboratories Web
site: http://www.columbialabs.com/
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