Columbia Laboratories Signs Sales Agreement for its Patented Bioadhesive Spermicide for China.MIAMI--(BW HealthWire)--Aug. 14, 1998--Columbia Laboratories Inc. (AMEX AMEX See: American Stock Exchange :COB) Friday announced that it had signed an agreement with Advantage Technology Development Co. LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . for the sale in China of its patented bioadhesive spermicide spermicide /sper·mi·cide/ (sper´mi-sid) an agent destructive to spermatozoa.spermici´dal sper·mi·cide n. An agent that kills spermatozoa, especially as a contraceptive. . Columbia has registered the product with the Health Authorities in China under the trade name Advantage-LA. Under Chinese regulations product launches are in two stages. Within the next six months Advantage-LA will be sold in selected larger cities within China, under agreement with the Health Authorities for what is known as "Trial Sales." Upon successful completion of "Trial Sales," which should be by mid 1999 the Health Authorities should issue a Family Planning Import Sales Certificate allowing distribution of Advantage-LA throughout China. China offers Columbia an unparalleled opportunity to expand its vaginal contraceptive franchise in a country whose contraceptive needs are inadequately fulfilled, as measured by the number of abortions performed each year. According to government sources, nearly 25 million abortions are performed annually. Effective contraception under the control of women, as would be the case with Advantage-LA, should help reduce this rate. Columbia Laboratories Inc. is a U.S.-based international pharmaceutical company, dedicated to research and development of women's health care products, including those intended to treat infertility, dysmenorrhea dysmenorrhea Pain or cramps before or during menstruation. In primary dysmenorrhea, caused by endocrine imbalances, severity varies widely. Irritability, fatigue, backache, or nausea may also occur. , endometriosis endometriosis (ĕn'dəmē'trē-ō`sĭs), a condition in which small pieces of the endometrium (the lining of the uterus) migrate to other places in the pelvic area. , hormonal deficiencies and the prevention of sexually transmitted diseases Sexually transmitted diseases Infections that are acquired and transmitted by sexual contact. Although virtually any infection may be transmitted during intimate contact, the term sexually transmitted disease is restricted to conditions that are largely . Columbia's products primarily utilize the company's patented bioadhesive delivery technology.
CONTACT: Columbia Laboratories Inc., Miami
David L. Weinberg, Chief Financial Officer
305/933-6089
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