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Cardiome Reports 2009 Results
Date:3/9/2010

Adoption of United States Generally Accepted Accounting Principles (U.S. GAAP)

In February 2008, the Canadian Accounting Standards Board confirmed the transition from Canadian GAAP to International Financial Reporting Standards ("IFRS") for all publicly accountable entities no later than fiscal years commencing on or after January 1, 2011. In the second half of 2009, management undertook a detailed review of the Company's accounting standards and examined the alternative available to Cardiome of filing its primary financial statements in Canada and the U.S. using U.S. GAAP, as permitted by the Canadian Securities Administrators' National Instrument 52-107, "Acceptable Accounting Principles, Auditing Standards and Reporting Currency", given that Cardiome is a Foreign Private Issuer in the United States.

As a result of this analysis, management recommended and the Board determined that Cardiome should adopt U.S. GAAP as its primary basis of financial reporting commencing January 1, 2010 on a retrospective basis. Commencing in the first quarter of 2010, financial statements will be reported in accordance with U.S. GAAP, and comparative financial information will be revised to reflect the Company's results as if they had been historically reported in accordance with U.S. GAAP.'/>"/>

SOURCE Cardiome Pharma Corp.
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