Navigation Links
Cornerstone BioPharma Announces Completion of Merger with Critical Therapeutics
Date:11/3/2008

Combined Company Renamed Cornerstone Therapeutics Inc. and to Continue Trading on NASDAQ under "CRTX"

CARY, N.C., Nov. 3 /PRNewswire-FirstCall/ -- Cornerstone BioPharma Holdings, Inc., a specialty pharmaceutical company focused on developing and commercializing prescription medications for respiratory disorders, today announced the completion of its previously announced merger with Critical Therapeutics, Inc., a biopharmaceutical company focused on developing and commercializing innovative products for respiratory and inflammatory diseases. The combined company has been renamed Cornerstone Therapeutics Inc. and will continue to trade on The NASDAQ Capital Market under the ticker symbol "CRTX".

Under the terms of the merger, which is a stock-for-stock merger intended to qualify as a tax-free reorganization, all outstanding shares of Cornerstone BioPharma's common stock were converted into and exchanged for the right to receive shares of Critical Therapeutics' common stock, and all outstanding Cornerstone BioPharma options and warrants were assumed by Critical Therapeutics and became options and warrants to acquire Critical Therapeutics' common stock.

Immediately prior to the consummation of the merger, Critical Therapeutics effected a 10-to-1 reverse stock split of its common stock. As a result of the reverse stock split and the merger, Cornerstone BioPharma's and Critical Therapeutics' stockholders now own approximately 70 and 30 percent of the combined company's common stock, respectively, after giving effect to shares issuable under outstanding Cornerstone BioPharma options and warrants, but excluding shares issuable under outstanding Critical Therapeutics options and warrants.

Craig A. Collard, president and chief executive officer of Cornerstone BioPharma, will be president and chief executive officer of the combined company. Brian Dickson, M.D., chief medical officer of Cornerstone BioPharma, will be the chief medical officer
'/>"/>

SOURCE Cornerstone BioPharma Holdings, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5

Related medicine news :

1. Carnegie Mellons Tepper School of Business to Host 2008 Cornerstones Symposium on Building City of the Future, March 25
2. Cornerstone Therapeutics, Inc. Taps Josh Franklin to Head Marketing Team
3. PDL BioPharma to Actively Seek Sale of Entire Company or Its Key Assets
4. Presentation Time Correction: Keryx Biopharmaceuticals Presents at 12:00pm, ET Tomorrow (Oct. 3) at William Blair & Company Small-Cap Growth Stock Conference
5. Nabi Biopharmaceuticals Announces Third Quarter 2007 Financial Results and Positive Vote from November 8, 2007 Special Stockholders Meeting
6. Nabi Biopharmaceuticals Completes Sale of Nabi Biologics to Biotest AG
7. Keryx Biopharmaceuticals, Inc. Announces Poster Presentations Highlighting Observed Clinical Activity of KRX-0401 (Perifosine) to be Presented at the Upcoming American Society of Hematology Meeting in Atlanta, Georgia
8. Aladdin eToken First Strong Authentication Device to Achieve Certification from the SAFE-BioPharma Association
9. XTL Biopharmaceuticals Announces Financial Results for the Year Ended December 31, 2007
10. ARCA Discovery Changes Name to ARCA biopharma to Reflect Focus on Drug Commercialization
11. CeNeRx BioPharma Appoints Mahnaz Asgharnejad as Vice President of Clinical Development

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/6/2009)...irstCall/ -- Hospira, Inc. (NYSE: HSP ), a leadin...elivery company, today announced that the company ...th Care Conference on Wednesday, Dec. 2, 2009 in N...to begin at 9:30 a.m. Eastern time on Wednesday, D...ed parties through a live audiocast accessible via...
(Date:11/6/2009)...rt more pressure from the lungs, researchers say ,...rmonal fluctuations make it harder for women to si... professional singers have difficulty singing whil...was because of hormones or other causes, such as d...this study, researchers followed a professionally ...
(Date:11/6/2009)...for certain patients, researchers say , ,...tists who used embryonic stem cells to create lung...ative to lung transplants for patients with chroni... fibrosis. , This is the first time it,s been s...to airway epithelial-like cells without the use of...
(Date:11/6/2009)...ue-Added Distributor to Offer VistaMAX®, BWIN&... (PRWEB) November 6, 2009 -- WAV,...curity, RFID, VoIP and portable data-collection eq...ma Networks Inc. (TSX:VCM), a leading provider of ...reless and telephony networks. The partnership wil...
(Date:11/6/2009)...ts. ,, WASHINGTON, Nov. 6 /PRNewswire-USNewswi...ted after being arrested at Pelosi,s office for te...Norman Weslin, Missy Smith, Joan McKee, Ronald Bro...2:00 P.M., 500 Indiana Ave Northwest. ,, At 2:...dvocates will appear in Court after being held ove...
Breaking Medicine News(10 mins):Health News:WAV Distribution Partners with Vecima Networks Inc. 2Health News:WAV Distribution Partners with Vecima Networks Inc. 3
...n nation to be recognized by URAC for wellness , ...eShield announced today that it has been awarded... a Washington, DC-based health care accrediting ...ess and underscores the company,s success in helpi...
...reases the risk of heart disease over and above an...ease, according to researchers at Washington Unive...The findings are reported this week at the annual ...ed in the U.S. military during the Vietnam War. Th...
...dical Center have identified a key immunological d... devices, leading to loosening of the components a...onal Institutes of Health, won the annual William ...ssue of the Journal of Orthopaedic Research . , ...
...auma is a too frequent occurrence during sports ac...ier this week Congresswoman Carolyn McCarthy (D-...e U.S. House of Representatives to designate April...unities, has been a vocal supporter of preventing ...
... of phobias in general, study suggests , ,...riants that increase cocaine addicts, risk of para...n their study of almost 4,000 people of African an... with cocaine dependence and cocaine-induced paran...
...dvocates Launch Statewide Campaign Aimed at Tackli... , SPRINGFIELD, Ill., March 4 As the economy wor...dustry practices are leaving a growing number of i...ng with legislators, business owners and people wh...
Other Medicine News:Health News:URAC Awards Regence Comprehensive Wellness Accreditation 2Health News:Depression increases risk for heart disease more than genetics or environment 2Health News:Immune reaction to metal debris leads to early failure of joint implants 2Health News:Oral and Maxillofacial Surgeons Applaud Congresswoman McCarthy's Resolution Raising Awareness of Preventable Facial Trauma During Sports Activities 2Health News:Gene Variant Tied to Cocaine-Induced Paranoia 2Health News:Illinois Advocates Take on Health Insurance Industry 2Health News:Illinois Advocates Take on Health Insurance Industry 3
(Date:11/6/2009)... Kaiser Foundation Health Plan, In...r subsidiaries reported today a combined total ope...ded September 30, 2009, compared to $10.2 billion ...e in the third quarter was $336 million, compared ... Net non-operating income was $233 million in the ...
(Date:11/6/2009)...ewswire-USNewswire/ -- America,s Specialty Medicin...mid-market and smaller innovator pharmaceutical co... the "Affordable Health Care for America Act," int...maller companies fear that the cumulative effect o...eir efforts to bring new medicines to market. ,...
(Date:11/6/2009)... Virtual Health Technolog...ay that the previously confirmed Letter of Intent ...nagement Technologies, Inc (WNDM) is subject to fi...olders of VHGI. ,, Shareholder Assurances ,..., royalty stream and cash realized from the transa...
Breaking Medicine Technology:Kaiser Foundation Health Plan and Hospitals Report Third Quarter 2009 Financial Results 2Kaiser Foundation Health Plan and Hospitals Report Third Quarter 2009 Financial Results 3Kaiser Foundation Health Plan and Hospitals Report Third Quarter 2009 Financial Results 4Statement of America's Specialty Medicines Companies On House Health Care Bill (H.R. 3962) 2OTCBB-VHGI Updates Shareholders on Status of Healthcare Asset Sale and Treasure Gulch Gold Mine Development Strategy 2OTCBB-VHGI Updates Shareholders on Status of Healthcare Asset Sale and Treasure Gulch Gold Mine Development Strategy 3OTCBB-VHGI Updates Shareholders on Status of Healthcare Asset Sale and Treasure Gulch Gold Mine Development Strategy 4Post Traumatic Stress May Raise Death Risks 59693 1Post Traumatic Stress May Raise Death Risks 59693 2Cardiome Pharma Corp Announces Final Results of Tender Offer 59691 1Cardiome Pharma Corp Announces Final Results of Tender Offer 59691 2Cardiome Pharma Corp Announces Final Results of Tender Offer 59691 3Cardiome Pharma Corp Announces Final Results of Tender Offer 59691 4Omnicell to Release Third Quarter 2009 Earnings Results on October 22 59690 1Omnicell to Release Third Quarter 2009 Earnings Results on October 22 59690 2
...UP Laboratories is a national reference laboratory...esearch and development. ARUP offers an extensive ...ts in clinical and anatomic pathology. Owned by th...nclude more than half of the nation's university t...
...UP Laboratories is a national reference laboratory...esearch and development. ARUP offers an extensive ...ts in clinical and anatomic pathology. Owned by th...nclude more than half of the nation's university t...
...UP Laboratories is a national reference laboratory...esearch and development. ARUP offers an extensive ...ts in clinical and anatomic pathology. Owned by th...nclude more than half of the nation's university t...
...UP Laboratories is a national reference laboratory...esearch and development. ARUP offers an extensive ...ts in clinical and anatomic pathology. Owned by th...nclude more than half of the nation's university t...
Medicine Products: