PROSPECTUS
SUPPLEMENT
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Filed
Pursuant to Rule 424(b)(3)
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Dated
November 2, 2005
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Registration
No. 333-118841
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PROSPECTUS
SUPPLEMENT
DATED
NOVEMBER 2, 2005
TO
PROSPECTUS DATED
SEPTEMBER
23, 2004 OF
CELLEGY
PHARMACEUTICALS, INC.
3,624,000
SHARES
COMMON
STOCK
______________________
This
prospectus supplement includes information reported by Cellegy Pharmaceuticals,
Inc. on a Report on Form 8-K previously filed with the Securities and Exchange
Commission as well as certain other information. This prospectus supplement,
together with the prospectus listed above, is to be used by certain holders
of
the above-referenced securities or by their transferees, pledgees, donees
or
their successors in connection with the offer and sale of the above referenced
securities. This prospectus supplement should be read in conjunction with
the
prospectus dated September 23, 2004, as amended and supplemented, which is
to be
delivered with this prospectus supplement. All capitalized terms used but
not
defined in the prospectus supplement shall have the meanings given them in
the
prospectus.
The
following information is added to the prospectus listed above:
Plan
of Distribution
The
Plan
of Distribution section in the prospectus is supplemented with the following
paragraph:
On
September 14, 2005, Cellegy received a determination letter following
a
hearing by the Listing Qualifications Panel of the Nasdaq Stock Market
indicating that the Company’s common stock would transfer from the Nasdaq
National Market to the Nasdaq SmallCap Market. Effective at the opening of
business on September 16, 2005, Cellegy’s common stock began trading on the
Nasdaq SmallCap Market. The transfer from the Nasdaq National Market
was
due to the Company not satisfying the $50 million market capitalization
requirement of Nasdaq Marketplace Rule 4450(b)(1)(A). As a
result of
the transfer from the Nasdaq National Market, in order to comply with the
securities laws of certain states, if applicable, the shares will be sold
in
such jurisdictions only through registered or licensed brokers or dealers.
In
addition, in certain states, the shares may not be sold unless the shares
have
been registered or qualified for sale in the applicable state or an exemption
from the registration or qualification requirements is available and is complied
with.