Collegium Pharmaceutical, Inc.
Initiating Coverage With an Outperform Rating and $35 Price Target
Collegium Pharmaceutical is a development-stage specialty pharmaceutical company with expertise in developing abuse-deterrent products for the treatment of chronic pain and other areas where drug abuse and diversion has become a significant issue. The company’s lead product, Xtampza ER, an extended-release oxycodone-based product with abuse-deterrent technology (ADT), has received tentative approval from the FDA for the treatment of chronic pain that requires around-the-clock opioid analgesia for an extended period.