Collegium Pharmaceutical (COLL) IPO Opens Flat

Today's IPO for Collegium Pharmaceutical, Inc., (Nasdaq: COLL) opened for trading at $12 after pricing 5,800,000 shares of its common stock at a price to the public of $12.

Jefferies LLC and Piper Jaffray & Co. are acting as joint book-running managers. Wells Fargo Securities, LLC is acting as lead manager and Needham & Company, LLC is acting as co-manager in the proposed offering.

Collegium is a specialty pharmaceutical company focused on developing a portfolio of products that incorporate its patent-protected DETERx technology platform for the treatment of chronic pain. The DETERx oral drug delivery technology is designed to provide extended-release delivery, unique abuse-deterrent properties, and flexible dose administration options.

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