Collegium Receives FDA Approval for Xtampza® ER

On November 7, Collegium Pharamceutical, Inc. (COLL) announced FDA approval of its supplemental new drug application for Xtampza® ER. The drug is an abuse-deterrent, extended-release opiod, for severe pain management needing daily, long-term relief. This is an important advance considering the opiod addiction epidemic in the United States. Xtampza® ER is the only single-agent oxycodone with the abuse-deterrent label.

 

Rocket Tickers received the news and issued an alert at 8:31 am. The next trade occurred during the pre-market hours for $10.70 at 8:44 am. Although the stock price did not see major gains during the event day, the price continued to trend higher over the next few trading sessions. The stock closed at $14.16 on November 14, which marked a gain of over 32% in the five trading days following the event.

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