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Collegium to Acquire Ironshore Therapeutics, Expanding into Neurology
COLLCollegium Pharmaceutical(COLL) Newsfilter·2024-07-29 10:00

– Acquisition Funded by Collegium's Cash on Hand and New Five-Year Financing with Significantly Improved Terms – STOUGHTON, Mass. and GEORGE TOWN, Cayman Islands, July 29, 2024 (GLOBE NEWSWIRE) -- Collegium Pharmaceutical, Inc. (Nasdaq: COLL) and Ironshore Therapeutics Inc. today announced a definitive agreement pursuant to which Collegium will acquire Ironshore for 525millionincashwiththepotentialforanadditional525 million in cash with the potential for an additional 25 million commercial milestone payment. Transaction Rationale Under the terms of th ...