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Cardiome Pharma Corp. Permitting Automatic Securities Disposition and Purchase Plans
Date:12/21/2009

NASDAQ: CRME TSX: COM

VANCOUVER, Dec. 21 /PRNewswire-FirstCall/ - Cardiome Pharma Corp. (NASDAQ: CRME / TSX: COM) today announced that it has amended its Disclosure Policy to enable its directors, officers and employees (each a "restricted person") to adopt automatic securities disposition plans and automatic securities purchase plans pursuant to applicable Canadian and U.S. securities laws, including the guidance under Ontario Securities Commission Staff Notice 55-701 and Rule 10b5-1 under the United States Securities Exchange Act of 1934, as amended.

Applicable Canadian and U.S. securities laws permit restricted persons to adopt automatic securities disposition plans and automatic securities purchase plans with an independent brokerage firm which provide for the purchase or disposition of shares in a systematic matter based upon predetermined criteria on an automatic basis regardless of whether the restricted person may, subsequent to adopting the plan, receive material non public information, provided that the restricted person was not in possession of material, non-public information at the time the Plan was adopted. Once a plan is established, the restricted person is not permitted to exercise any further discretion or influence over how purchases or dispositions will occur under the plan.

Cardiome recognizes that its directors, officers or employees may have reasons unrelated to their assessment of the Company or its prospects in deciding whether to effect transactions in Cardiome's securities. Such personal reasons might include, for example, asset balancing or investment diversification, charitable or philanthropic donations, payment of taxes or tax and estate planning, retirement planning,
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SOURCE Cardiome Pharma Corp.
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