Holzer Holzer & Fistel, LLC is investigating potential violations of the federal securities laws by Columbia Laboratories, Inc. ("Columbia Labs" or the "Company") (NASDAQ: CBRX). The investigation focuses on whether a series of statements made between December 14, 2011 and January 20, 2012, inclusive, regarding Columbia Lab's business, its prospects and its operations were materially false and misleading at the time they were made. Specifically, on December 14, 2011, Columbia Labs announced that clinical trials of its progesterone vaginal gel 8% showed that the experimental drug reduced "the risk of preterm birth in women with premature cervical shortening" and that administration of the drug "significantly reduces the risk of preterm birth and neonatal morbidity" for certain women Then, on January 20, 2012, Columbia Labs confirmed that U.S. Food and Drug Administration would not recommend approval of the vaginal gel for the reduction of risk of preterm birth. Columbia Labs' stock price fell more than 50% following the announcement.

If you purchased Columbia Labs common stock between December 14, 2011 and January 20, 2012 and have questions concerning your legal rights, you are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.

Holzer Holzer & Fistel, LLC
Michael I. Fistel, Jr., Esq., (888) 508-6832 (toll-free)
mfistel@holzerlaw.com
or
Marshall P. Dees, Esq., (888) 508-6832 (toll-free)
mdees@holzerlaw.com