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

blished relationship with the restricted person. The Disclosure Policy requires that all automatic securities disposition or purchase plans must be pre-cleared by Cardiome's Disclosure Committee or Corporate Governance and Nomination Committee. The Disclosure Policy further provides that the Disclosure Committee and Corporate Governance and Nomination Committee may also consider such other "best practices" as may exist at a time a restricted person wishes to adopt a plan and may impose additional requirements, or grant exceptions, as they determine are necessary or appropriate.

In addition to amending the Corporation's Disclosure Policy, Cardiome also has amended its Code of Business Conduct and Ethics to no longer require restricted persons to consult with the Corporation's Compliance Officer before executing any trades in securities, to facilitate the ability to trade securities pursuant to an automatic securities disposition or purchase plan established in accordance with the Corporation's Disclosure Policy. A copy of the amended Code of Business Conduct and Ethics will be filed on SEDAR and posted on Cardiome's website (www.cardiome.com).

Following the amendment to Cardiome's Disclosure Policy, Cardiome's Corporate Governance and Nomination Committee approved the adoption by Douglas Janzen, the President, Chief Executive Officer and a Director of Cardiome, of an automatic securities disposition plan. The plan approved in respect of Mr. Janzen provides for the sale by an independent broker engaged by Mr. Janzen of an aggregate of 120,000 shares (which are issuable on exercise of options held by Mr. Janzen), on the basis of up to 10,000 shares to be sold each month, commencing after an approximately 3-month cooling off period, subje
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SOURCE Cardiome Pharma Corp.
Copyright©2009 PR Newswire.
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