Adamis Pharmaceuticals Announces Termination of Merger Agreement

SAN DIEGO, CA--(Marketwire - March 4, 2010) -  Adamis Pharmaceuticals Corporation (OTCBB: ADMP), announced today that Adamis and La Jolla Pharmaceutical Company have agreed to terminate their merger agreement relating to the proposed merger of the two companies. The termination follows the announcement by La Jolla on March 3, 2010, that its common stock would be suspended and delisted from the Nasdaq stock market effective at the open of business on Thursday, March 4, 2010. Although the overwhelming majority of La Jolla shareholders that returned their proxy voted to approve the merger, only 13% of La Jolla's outstanding common stock was represented. As a result, the La Jolla stockholder meeting and the solicitation of further votes had been cancelled due to the delisting from Nasdaq. La Jolla had previously announced that if its common stock was delisted from Nasdaq, it would need additional reg

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