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COLL - Why Collegium Pharmaceutical Stock Is Crushing It Today
Collegium Pharmaceutical Inc.
Shares of Collegium Pharmaceutical(NASDAQ: COLL) were soaring 33.7% higher as of 11:12 a.m. EST on Thursday. This big jump came following the small drugmaker's third-quarter update after the market closed on Wednesday.
Collegium missed Wall Street estimates on both its top and bottom lines. However, the company announced exclusive formulary deals for its abuse-deterrent Xtampza ER opioid painkiller that will cover more than 35 million lives beginning in January 2020.