CBRX

Pharma

Columbia Labs cuts 42 percent of staff, reviewing strategic options

Columbia Laboratories (NASDAQ:CBRX) is cutting 42 percent of its staff and reviewing strategic options following a complete response letter that delays the approval of a vaginal gel for high-risk pregnancies it has developed with Watson Pharmaceuticals (NYSE:WPI). The Livingston, New Jersey drug developer is reducing its workforce from 24 to 14 and the cuts will […]

Pharma

FDA panel votes no on Watson Pharma, Columbia Labs’ preterm birth gel

A U.S. Food and Drug Administration panel has voted against Columbia Laboratories‘ (Nasdaq: CBRX) and Watson Pharmaceuticals’ (NYSE: WPI) progesterone vaginal gel 8% to reduce preterm birth in women, saying the panel requires more information. The Advisory Committee for Reproductive Health Drugs said the gel did not produce a statistically significant reduction in preterm births […]