EXHIBIT 99.1
NEWS
Contact: Melody Carey Rx Communications Group, LLC 917-322-2571
FOR IMMEDIATE RELEASE:
VALERIE ANDREWS AND JAMES CROFTON ELECTED TO COLUMBIA LABORATORIES BOARD OF DIRECTORS LIVINGSTON, NJ - October 25, 2005 - Columbia Laboratories, Inc. (NASDAQ: CBRX) announced today that as of October 24, its Board of Directors elected Valerie L. Andrews, Associate General Counsel and Chief Compliance Officer of Vertex Pharmaceuticals Incorporated, and James S. Crofton, Senior Vice President and Chief Financial Officer of Sarnoff Corporation, as directors of the Company. “We are pleased to welcome Valerie and Jim to Columbia’s Board of Directors and we look forward to working with them to bring value to the Company’s shareholders,” commented Stephen G. Kasnet, Chairman of Columbia’s Board. Fred Wilkinson, Columbia’s President and Chief Executive Officer, added “Valerie brings valuable legal experience in advising public and private companies in the life sciences industry, and Jim’s deep financial and operational experience will contribute significantly to our Company.” Ms. Andrews and Mr. Crofton are both “independent” directors under the current NASDAQ National Market Listing Standards and bring to seven the number of independent directors on the Company’s eight-person Board. Ms. Andrews is expected to serve on the Board’s Compensation Committee and Nominating and Corporate Governance Committee, and Mr. Crofton is expected to serve on the Audit Committee and the Scientific Committee. In addition, Mr. Crofton qualifies as an “audit committee financial expert” as that term is defined in applicable regulations of the Securities and Exchange Commission. Before joining Vertex in 2002, Ms. Andrews was Executive Director of Licensing for Massachusetts General and The Brigham and Women’s Hospitals, and prior to that a partner in the law firm of Hill and Barlow. She also served as a law clerk to Chief Judge Levin H. Campbell of the United States Court of Appeals for the First Circuit, and earlier rose to the rank of Captain in the United States Air Force.
Before joining Sarnoff in 1999, Mr. Crofton was Chief Financial Officer of EA Industries, Inc., and prior to that served in various positions with Unisys Corporation, including, Vice President of Finance. |