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Specialty pharmaceutical company Columbia Laboratories (CBRX -41%) gets clobbered today after...

Specialty pharmaceutical company Columbia Laboratories (CBRX -41%) gets clobbered today after the FDA denies Watson Pharmaceuticals (WPI -0.5%) formal dispute-resolution request related to its new-drug application for Prochieve, a treatment for the prevention of preterm birth. Watson said it intends to review possible options to continue pursuit of the the drug's development.
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