Cardiome Pharma Corp. Announces Exercise Of Over-Allotment Option

VANCOUVER, Jan. 22 /CNW/ - Cardiome Pharma Corp. (NASDAQ: CRME / TSX: COM) today announced that the underwriters of its cross-border public offering of 8,000,000 common shares that was priced on January 18, 2007, exercised the over-allotment option in full to purchase an additional 1,200,000 common shares at a price of US$10.50 per share. Net proceeds from the offering (including the common shares to be issued pursuant to the exercise of the over-allotment option) are expected to be approximately US$90 million.
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