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Biotech / Medical : Cardiome -- CRME
CRME 2.330-2.1%May 16 5:00 PM EST

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From: Ian@SI11/28/2008 5:50:47 PM
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EDIT: TSE:COM actually closed at $5.44CDN. SI quote is a lower number for some unknown reason ($5.39CDN)

Cardiome [t]TSE:COM[/t] (<span style='font-size:11px'>LAST</span>: 0<span style='font-size:11px'> 12:00:00 AM</span>) (<span style='font-size:11px'>LAST</span>: 0<span style='font-size:11px'> 12:00:00 AM</span>) closed up almost 13% in Toronto vs virtually unchanged on the NASDAQ today.

If the CEO's statement is to be taken at face value, it was rather unfortunate that he couldn't have held out a bit longer.

+++++++++++++++++++++++

Cardiome Discloses Chairman And CEO's Involuntary Share Sale

cnw

NASDAQ: CRME TSX: COM

VANCOUVER, Nov. 28 /CNW/ - Cardiome Pharma Corp. (NASDAQ: CRME / TSX: COM) today disclosed that its Chairman and Chief Executive Officer, Bob Rieder, was recently subject to involuntary margin sales of 45,000 common shares from his direct holding of Cardiome stock.

Mr. Rieder commented, "I am very disappointed to have been required to involuntarily sell any shares of Cardiome, particularly at such an inopportune time; however the global financial crisis and associated market decline has had a profound impact on all stocks including our own. Since joining Cardiome as CEO in 1998, I have always practiced my belief that the leader of a company should have a direct and material financial stake in the company's success, and I have consistently held a substantial proportion of my personal assets in Cardiome shares. My faith and confidence in Cardiome's success is absolutely undiminished as we drive the company forward to the exciting times that lie ahead."
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