Collegium Pharma (COLL) Misses Q3 EPS by 3c

Collegium Pharma (NASDAQ: COLL) reported Q3 EPS of ($0.18), $0.03 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $72.94 million versus the consensus estimate of $74.32 million.

“Driven by strong Xtampza ER revenue growth and a commitment to leveraging our existing cost structure, we are on track to make 2019 a breakthrough year for Collegium,” said Joe Ciaffoni, President and Chief Executive Officer of Collegium. “Effective January 1, 2020, Xtampza ER will become the exclusive extended-release oxycodone for more than 35 million additional lives. These payer wins will drive the next stage of growth for Xtampza ER.”

For earnings history and earnings-related data on Collegium Pharma (COLL) click here.

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