-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TSLOX7fNdn/g6sEhW9djFqvlCRr1CiCBDXe7ll7TcXKylMfSgzOY/y7z0q1sujdL lJ5JPYPM9AM/iU8ohF3VXA== 0001279569-09-000491.txt : 20090408 0001279569-09-000491.hdr.sgml : 20090408 20090408155358 ACCESSION NUMBER: 0001279569-09-000491 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20090408 FILED AS OF DATE: 20090408 DATE AS OF CHANGE: 20090408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cardiome Pharma Corp CENTRAL INDEX KEY: 0001036141 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29338 FILM NUMBER: 09739935 BUSINESS ADDRESS: STREET 1: 6TH FLOOR STREET 2: 6190 AGRONOMY RD. CITY: VANCOUVER STATE: A1 ZIP: V6T 1Z3 BUSINESS PHONE: 1-604-677-6905 MAIL ADDRESS: STREET 1: 6TH FLOOR STREET 2: 6190 AGRONOMY RD. CITY: VANCOUVER STATE: A1 ZIP: V6T 1Z3 FORMER COMPANY: FORMER CONFORMED NAME: CARDIOME PHARMA CORP DATE OF NAME CHANGE: 20000407 6-K 1 cardiome6k.htm FORM 6-K cardiome6k.htm
 


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K 
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
The Securities Exchange Act of 1934
 
For the month of April, 2009

COMMISSION FILE NO. 000-29338
 
CARDIOME PHARMA CORP. 
(formerly NORTRAN PHARMACEUTICALS INC.)  

(Translation of Registrant’s name into English)
 
6190 Agronomy Road, 6th Floor
Vancouver, British Columbia, V6T 1Z3, CANADA  

(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
 
Form 20-F o    Form 40-F x
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange act of 1934.
Yes o    No x   
 
 





 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  CARDIOME PHARMA CORP.
     
     
Date: April 8, 2009
/S/ CURTIS SIKORSKY
 
Curtis Sikorsky
 
Chief Financial Officer




EXHIBIT INDEX

EXHIBIT
 
DESCRIPTION OF EXHIBIT
     
99.1
  Material Change Report
     
99.2
  KPMG Consent Letter

EX-99.1 2 ex991.htm MATERIAL CHANGE REPORT ex991.htm
Exhibit 99.1
 
 
 
Amendment No. 1 dated April 2, 2009 to the short form base shelf prospectus of Cardiome Pharma Corp. (“Cardiome”) dated November 5, 2008 (the “Base Shelf Prospectus”) and the prospectus supplement of Cardiome Pharma Corp. dated November 6, 2008 to the Base Shelf Prospectus (the “Prospectus Supplement”).
 
The Base Shelf Prospectus and the Prospectus Supplement are amended and supplemented by the contents of this material change report.

FORM 51-102F3
 
MATERIAL CHANGE REPORT
 
1.
Name and Address of Company
  Cardiome Pharma Corp.                                           
6190 Agronomy Rd, 6th Floor
Vancouver, BC V6T 1Z3
 
2.
Date of Material Change
March 30, 2009
 
3.
News Release
March 30, 2009 - Vancouver, Canada
 
4.
Summary of Material Change
Cardiome Pharma Corp. today reported financial results for the year ended December 31, 2008.  Amounts, unless specified otherwise, are expressed in Canadian dollars and in accordance with Canadian Generally Accepted Accounting Principles (Canadian GAAP).  At close of business on December 31, 2008, the exchange rate was CAD$1.00=US$0.8210.
 
5.
Full Description of Material Change
See attached press release.
 
6.
Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102
Not Applicable.
 
7.
Omitted Information
Not Applicable.
 
8.
Executive Officer
  Name:   Curtis Sikorsky
  Title:  Chief Financial Officer
  Phone No.: 604-677-6905
                                                                    
 
9.
Date of Report
April 2, 2009
 
 
 
Per:
Curtis Sikorsky”    
    Curtis Sikorsky,   
    Chief Financial Officer  
       
 
 

 
SCHEDULE "A" - PRESS RELEASE
 
 
cardiome logo
6190 Agronomy Road, 6th Floor
Vancouver, B.C.
V6T 1Z3
Tel: 604-677-6905
Fax: 604-677-6915
 
 
FOR IMMEDIATE RELEASE    NASDAQ: CRME   TSX: COM
 
CARDIOME REPORTS 2008 RESULTS

Vancouver, Canada, March 30, 2009 - Cardiome Pharma Corp. (NASDAQ: CRME / TSX: COM) today reported financial results for the year ended December 31, 2008.  Amounts, unless specified otherwise, are expressed in Canadian dollars and in accordance with Canadian Generally Accepted Accounting Principles (Canadian GAAP).  At close of business on December 31, 2008, the exchange rate was CAD$1.00=US$0.8210.

Summary Fiscal 2008 Results
We recorded a net loss of $60.5 million ($0.95 per common share) for the year ended December 31, 2008 compared to a net loss of $85.5 million ($1.36 per common share) for the year ended December 31, 2007. The decrease in net loss in fiscal 2008 compared to fiscal 2007 was largely due to foreign exchange.  A decrease in research and development activities also contributed to the decrease in net loss.

Revenue for fiscal 2008 was $1.6 million, a decrease of $3.3 million from $4.9 million in fiscal 2007.

Research and development expenditures were $48.8 million for fiscal 2008, compared to $56.8 million for fiscal 2007.  The decrease of $8.0 million was primarily due to the completion of the Phase 2b trial for vernakalant (oral) in fiscal 2008.  General and administration expenses were $17.2 million in fiscal 2008 compared to $18.5 million in fiscal 2007.  Amortization was $4.1 million for fiscal 2008 compared to $3.4 million for fiscal 2007.  Interest and other income was $0.6 million for fiscal 2008 compared to $4.5 million for fiscal 2007.  Foreign exchange gain was $8.2 million for fiscal 2008 compared to a loss of $16.2 million in fiscal 2007.  Foreign exchange gains and losses are primarily attributable to the translation of U.S. and euro denominated net monetary assets into Canadian dollars for reporting purposes at period end.

Stock-based compensation, a non-cash item included in operating expenses, decreased to $3.1 million for fiscal 2008, as compared to $6.5 million for fiscal 2007.

Liquidity and Outstanding Share Capital
At December 31, 2008, the Company had cash and cash equivalents of $37.1 million.  As of March 30, 2009, the Company had 63,762,296 common shares issued and outstanding, 2,272,727 Series A preferred shares, and 4,810,062 common shares issuable upon the exercise of outstanding stock options at a weighted-average exercise price of $8.29 per share.

Conference Call
Cardiome expects to announce the timing of a conference call and webcast within the next week to discuss the 2008 financial results and to provide an update on corporate developments.

About Cardiome Pharma Corp.
Cardiome Pharma Corp. is a product-focused drug development company dedicated to the advancement and commercialization of novel treatments for disorders of the heart and circulatory system.  Cardiome is traded on the NASDAQ National Market (CRME) and the Toronto Stock Exchange (COM).  For more information, please visit our web site at www.cardiome.com.


 
For Further Information:
Peter K. Hofman
Senior Director, Investor Relations
(604) 676-6993 or Toll Free: 1-800-330-9928
Email: phofman@cardiome.com

Forward-Looking Statement Disclaimer
Certain statements in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including without limitation statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect” and similar expressions.  Such forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments expressed or implied by such forward-looking statements or information.  Such factors include, among others, our stage of development, lack of product revenues, additional capital requirements, risk associated with the completion of clinical trials and obtaining regulatory approval to market our products, the ability to protect our intellectual property, dependence on collaborative partners and the prospects for negotiating additional corporate collaborations or licensing arrangements and their timing.  Specifically, certain risks and uncertainties that could cause such actual events or results expressed or implied by such forward-looking statements and information to differ materially from any future events or results expressed or implied by such statements and information include, but are not limited to, the risks and uncertainties that: we may not be able to successfully develop and obtain regulatory approval for vernakalant (iv) or vernakalant (oral) in the treatment of atrial fibrillation or any other current or future products in our targeted indications; our future operating results are uncertain and likely to fluctuate; we may not be able to raise additional capital; we may not be successful in establishing additional corporate collaborations or licensing arrangements; we may not be able to establish marketing and sales capabilities and the costs of launching our products may be greater than anticipated; we rely on third parties for the continued supply and manufacture of vernakalant (iv) and vernakalant (oral) and we have no experience in commercial manufacturing; we may face unknown risks related to intellectual property matters; we face increased competition from pharmaceutical and biotechnology companies; and other factors as described in detail in our filings with the Securities and Exchange Commission available at www.sec.gov and the Canadian securities regulatory authorities at www.sedar.com.  Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement.  All forward-looking statements and information made herein are based on our current expectations and we undertake no obligation to revise or update such forward-looking statements and information to reflect subsequent events or circumstances, except as required by law.


 
 
CERTIFICATE OF CARDIOME PHARMA CORP.
 
Dated: April 2, 2009
 
The short form prospectus dated November 5, 2008 as amended by this amendment, together with the documents incorporated in the prospectus by reference, and as supplemented by the foregoing, as the foregoing amends the prospectus supplement dated November 6, 2008, constitutes full, true and plain disclosure of all material facts related to the securities offered by the prospectus and the prospectus supplement as required by the securities legislation of each of the provinces of Canada.
 
 
   
   
(Signed) ROBERT W. RIEDER
(Signed) CURTIS SIKORSKY
Chief Executive Officer and Chairman
Chief Financial Officer
   
   
   
On behalf of the Board of Directors
   
   
   
(Signed) PETER W. ROBERTS
(Signed) WILLIAM L. HUNTER
Director
Director
   
   

EX-99.2 3 ex992.htm KPMG CONSENT LETTER ex992.htm
Exhibit 99.2
 
KPMG logo
 
     
     
KPMG LLP
Telephone
(604) 691-3000
Chartered Accountants
Fax
(604) 691-3031
PO Box 10426 777 Dunsmuir Street
Internet
www.kpmg.ca
Vancouver BC V7Y 1K3
   
Canada
   
 
 
British Columbia Securities Commission
Alberta Securities Commission
The Manitoba Securities Commission
New Brunswick Securities Commission
Securities Commission of Newfoundland and Labrador
Nova Scotia Securities Commission
Ontario Securities Commission
Prince Edward Island Securities Office
Autorité des marchés financiers
Saskatchewan Financial Services Commission - Securities Division
 
Dear Sirs/Mesdames:
 
Re: Cardiome Pharma Corp. (the “Company”)
 
We refer to the short form base shelf prospectus of the Company dated November 5, 2008 (the “Base Shelf Prospectus”), relating to the offer for sale from time to time of up to U.S.$250,000,000, in the aggregate, of common shares issuable upon conversion of the Series A preferred shares of the Company by a selling securityholder of the Company, and the prospectus supplement of the Company dated November 6, 2008 to the Base Shelf Prospectus (collectively, the “Prospectus”) as amended and supplemented by the contents of the material change report dated April 2, 2009. We consent to the use, through incorporation by reference in the Prospectus of our report dated March 6, 2009 to the shareholders of the Company on the following financial statements:  Consolidated balance sheets as at December 31, 2008 and 2007;  Consolidated statements of operations and comprehensive loss, shareholders’ equity and cash flows for the years ended December 31, 2008 and 2007. We report that we have read the Prospectus and all information specifically incorporated by reference therein and have no reason to believe that there are any misrepresentations in the information contained therein that are derived from the consolidated financial statements upon which we have reported or that are within our knowledge as a result of our audit of such consolidated financial statements. This letter is provided solely for the purpose of assisting the securities regulatory authorities to which it is addressed in discharging their responsibilities and should not be used for any other purpose.  Any use that a third party makes of this letter, or any reliance or decisions based on it, are the responsibility of such third parties.  We accept no responsibility for loss or damages, if any, suffered by any third party as a result of decisions made or actions taken based on this letter.
 
Yours very truly
 
KPMG signature
 
 
Chartered Accountants
 
Vancouver, Canada
April 2, 2009
 
 
  KPMG LLP, a Canadian limited liability partnership is the Canadian
member firm of KPMG International, a Swiss cooperative.
 
 
 
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