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Collegium Pharmaceutical, Inc. Buyback

OLI recorded this information on 11/9/2023

Company: Collegium Pharmaceutical, Inc.
Buyback: COLL buyback
$Amount Authorized: $25,000,000
Buyback Details: Collegium Pharmaceutical, Inc. (Nasdaq: COLL), a leading, diversified specialty pharmaceutical company committed to improving the lives of people living with serious medical conditions, today announced that it has entered into an Accelerated Share Repurchase ("ASR") agreement with Jefferies LLC to repurchase $25 million of the Company's common stock. Collegium will execute the ASR as part of the $100 million share repurchase program authorized by its Board of Directors in January 2023. Upon completion of this ASR, Collegium will have $25 million remaining under the program.

Collegium Pharmaceutical is a pharmaceutical company. Co.'s portfolio includes: Xtampza ER, Nucynta ER and Nucynta IR, which are extended-release and immediate-release formulations of tapentadol. Xtampza ER was approved by the U.S. Food and Drug Administration for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment. Nucynta ER is indicated for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment, including neuropathic pain associated with diabetic peripheral neuropathy in adults. Nucynta IR is indicated for the management of acute pain severe enough to require an opioid analgesic.

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Company Name:  Collegium Pharmaceutical Inc
Stock buyback:  COLL buyback
Website:  www.collegiumpharma.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding COLL:  50
Total Market Value Held by ETFs:  $262.18M
Total Market Capitalization:  $1.18B
% of Market Cap. Held by ETFs:  22.22%
 

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May 3, 2024    7:21 AM Eastern
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Buy (3.17 out of 4)
37th percentile
(ranked lower than approx. 63% of all stocks covered)

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