Columbia Laboratories, Inc. (CBRX)

[rwwine]

Inquiry

I'm interested in investing in CBRX, but have concerns about their need to raise working capital. It appears they have approximately $20 Million or so on hand.....and with the NDA submission scheduled for Q2-2011, is WPI's milestone payment to CBRX for this NDA submission enough to keep CBRX afloat until the FDA approves of PROCHIEVE 8% which looks to be Q4-2011 or Q1-2012.

Also I would like your (anyone that is currently invested) thoughts on WPI eventually buying out CBRX after the FDA approval. What is the guess % probability would you subscribe to this event and the time frame? Since WPI already has 11.2 Million shares of the 84.13 Million....wouldn't it seem prudent for WPI to buyout CBRX soon after the pending approval?

PS....I thought the following "fluff" piece was more detrimental to CBRX given I don't personally like these types articles given they attract "day traders".....

http://www.thestreet.com/_yahoo/story/10949369/1/5-pharma-stocks-trading-for-under-2.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

CBRX has been on my watch list since July 2010....I'm just a tad anxious about the cash situation.

TIA

Rich