Columbia Laboratories (CBRX) Misses Q4 EPS by 12c

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Columbia Laboratories Reports Fourth Quarter and Full-Year 2014 Financial Results

March 18, 2015 7:00 AM EDT

BOSTON, March 18, 2015 /PRNewswire/ -- Columbia Laboratories, Inc. (Nasdaq: CBRX) ("Columbia" or the "Company"), today announced financial results for the three- and twelve-month periods ended December 31, 2014. 

"The 11% growth in our 2014 full year revenues was driven in large part by a full year of service revenue, which helped offset the anticipated temporary decline in CRINONE® sales.  During this transitional year we restarted our drug development activities, significantly strengthened our management team, and generated a substantial amount of cash," stated Frank Condella, CEO.

"Our strategy going forward is to utilize cash... More