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

|By:, SA News Editor

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.