Collegium Pharmaceutical Inc Stock Price, News & Analysis

Collegium Pharmaceutical (Nasdaq: COLL) has appointed Nancy S. Lurker to its Board of Directors, effective February 4, 2025. Lurker brings significant expertise in commercial growth and strategic acquisitions, having most recently served as President and CEO of EyePoint Pharmaceuticals until 2023, where she now holds the position of Executive-Vice Chair.

Her extensive experience includes roles as President and CEO of PDI, Senior Vice President and Chief Marketing Officer of Novartis Pharmaceuticals, and President and CEO of ImpactRx. She currently serves on multiple boards, including Alkermes plc and Altasciences, , and advisory boards for Novo Holdings and Stanford Medicine's Master of Science program.

Collegium Pharmaceutical (Nasdaq: COLL) has announced its 2025 financial guidance, projecting product revenues between $735-750 million and adjusted EBITDA of $435-450 million. The company expects Jornay PM, their ADHD treatment, to generate over $135 million in net revenue, positioning it as their primary growth driver.

The company's adjusted operating expenses are anticipated to be between $220-230 million. Recent highlights include completing the Ironshore integration, accelerating Jornay PM prescriptions during the 2024 back-to-school season, and executing a share repurchase program worth $60 million under a $150 million authorization, including $25 million in Q4 2024 and $35 million through an accelerated program in May 2024.

Collegium Pharmaceutical (Nasdaq: COLL) has announced its participation in two upcoming investor conferences. The company will engage in fireside chats at the Jefferies London Healthcare Conference on November 19, 2024, at 1:30 p.m. GMT and the Piper Sandler 36th Annual Healthcare Conference on December 5, 2024, at 1:00 p.m. ET. Both sessions will be accessible via webcast through the company's investor relations website, with recordings available for 90 days post-presentation.

Collegium Pharmaceutical reported strong Q3 2024 financial results with record net revenue of $159.3 million, up 17% year-over-year. The growth was driven by record revenues from Belbuca ($53.2M) and Xtampza ER ($49.5M). The company achieved GAAP net income of $9.3 million and record adjusted EBITDA of $105.1 million, up 18% year-over-year. A significant development was the acquisition of Ironshore Therapeutics, expanding into neurology with Jornay PM, which is expected to generate over $100 million in pro forma net revenue in 2024. The company reaffirmed its 2024 guidance with projected product revenues of $620-635 million.

Collegium Pharmaceutical (COLL) has appointed Vikram Karnani as President and CEO, effective November 12, 2024. Karnani brings over 15 years of life sciences leadership experience, notably from Horizon Therapeutics where he helped grow annual net product sales from $300 million to nearly $4 billion. He succeeds interim CEO Michael Heffernan, who will remain Board Chairman.

The appointment comes as Collegium's pain portfolio achieves record revenue, with Jornay PM positioned as the lead growth driver. Karnani most recently served as Executive VP and President of Global Commercial Operations and Medical Affairs (Rare Disease) at Amgen, following its acquisition of Horizon in 2023.

Collegium Pharmaceutical has completed the acquisition of Ironshore Therapeutics, adding Jornay PM to its portfolio and establishing a presence in the ADHD market. The deal, valued at $525 million in cash, is expected to be immediately accretive to Collegium's financials. Key highlights include:

1. Jornay PM's net revenue is projected to exceed $100 million in 2024.
2. Updated 2024 guidance: Product Revenues, Net of $620.0-$635.0 million.
3. Adjusted EBITDA expected to be $395.0-$405.0 million.
4. The acquisition was funded by $200 million cash and a $325 million term loan.

This strategic move aligns with Collegium's mission to build a diversified specialty pharmaceutical company, broadening its portfolio beyond pain management.

Collegium Pharmaceutical (Nasdaq: COLL) has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference in New York, NY from September 9-11, 2024. The company's management will engage in a fireside chat on Monday, September 9, 2024, at 12:30 p.m. ET.

As a leading diversified specialty pharmaceutical company, Collegium is dedicated to improving the lives of people with serious medical conditions. The fireside chat will be webcast live and can be accessed through the Investors section of Collegium's website. A replay of the webcast will remain available on the company's website for 90 days following the presentation, providing investors and interested parties with extended access to the discussion.

Collegium Pharmaceutical (Nasdaq: COLL) announced eight poster presentations at PAINWeek Conference 2024, showcasing data on its diversified pain portfolio. The posters, available from September 4-6, 2024, cover topics such as healthcare costs, treatment characteristics, safety, and nonmedical use of various pain medications including Belbuca®, Xtampza® ER, and Nucynta®.

The presentations highlight real-world data and clinical insights on Collegium's pain management products, demonstrating their impact on patient care and population health. The company emphasizes its commitment to responsible pain management and advancing its mission to improve the lives of people with serious medical conditions.

Collegium Pharmaceutical (COLL) reported strong Q2 2024 financial results, with net revenue of $145.3 million, up 7% year-over-year. Belbuca achieved record revenue of $52.2 million, a 21% increase. GAAP net income rose 51% to $19.6 million, while adjusted EBITDA grew 12% to $96.0 million. The company reaffirmed its full-year 2024 guidance and is on track to close the acquisition of Ironshore Therapeutics in Q3, adding Jornay PM to its portfolio and expanding into the ADHD market. Collegium also secured a new $646 million term loan, reducing its cost of capital by 300 basis points.