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October 29, 2009 (FinancialWire) -- Columbia Laboratories, Inc. (NASDAQ: CBRX | Quote | Chart | News | PowerRating) (Current Market Cap: $52.52 Mil.) has raised around $11,772,000 in gross proceeds through the sale of 10.9 million shares of its common stock and warrants to purchase 5.45 million shares of its common stock in a direct offering.
The common stock and warrants were sold in units, with each unit consisting of one share of common stock and a warrant to purchase 0.5 shares of common stock at a price of $1.08 per unit. The warrants will be exercisable at an exercise price of $1.52 per share of common stock at any time on or after April 30, 2010 and ending on April 30, 2015.
Livingston, New Jersey-based Columbia Laboratories is a specialty pharmaceutical company focused on developing and commercializing products for the women's healthcare and endocrinology markets that use its bioadhesive drug delivery technology.
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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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