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CIMA LABS' Stockholders Approve Merger Agreement with Cephalon.


Business Editors/Health/Medical Writers

EDEN PRAIRIE Eden Prairie

A city of eastern Minnesota, a residential suburb of Minneapolis. Population: 57,300.
, Minn.--(BUSINESS WIRE)--June 15, 2004

CIMA LABS INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: CIMA) announced today that the stockholders of the Company voted to approve the Agreement and Plan of Merger between the Company and Cephalon Ceph´a`lon

n. 1. (Zool.) The head.
, Inc. (NASDAQ: CEPH CEPH Council on Education for Public Health
CEPH Centre d'Etude du Polymorphisme Humain
) at a special stockholders' meeting held today in Bloomington, Minnesota Bloomington is a city in Hennepin County, Minnesota, and a southern suburb of Minneapolis. As of 2005, it had a population of 84,347, making it the largest Twin Cities suburb, and the fifth largest city in the state[1]. . The merger remains subject to approval by the Federal Trade Commission, which is currently reviewing the transaction.

Approximately 99.4 percent of stockholders present in person or by proxy voted in favor of the merger agreement. The number of shares voting to approve the Agreement and Plan of Merger represents approximately 71.3 percent of the outstanding shares entitled to vote.

On November 3, 2003, CIMA and Cephalon entered into a definitive merger agreement under which Cephalon would acquire all the outstanding common shares of CIMA for $34 per share in cash.

About CIMA:

CIMA develops and manufactures prescription and over-the-counter products based upon its proprietary, orally disintegrating drug delivery technologies, OraSolv(R) and DuraSolv(R). Based on its technologies, an active drug ingredient, which the company frequently taste-masks, is formulated into a new, orally disintegrating dosage form that dissolves quickly in the mouth without chewing or the need for water. The company develops and manufactures orally disintegrating versions of drugs for pharmaceutical company partners for whom CIMA currently produces three branded prescription pharmaceuticals and four over-the-counter brands. CIMA also is developing proprietary products utilizing its orally disintegrating technologies, as well as its new OraVescent(R) enhanced absorption, transmucosal drug delivery system.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 15, 2004
Words:255
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