Record Quarterly Net Revenue
Collegium Pharmaceuticals achieved record quarterly net revenue of $209.4 million, which is a 31% year-over-year increase.
Strong Growth in Jornay PM
Jornay PM generated a record $41.8 million in net revenue with a prescription growth of 20% year-over-year.
Pain Portfolio Revenue Growth
Net revenue from the pain portfolio grew to a record $167.6 million, up 11% year-over-year.
Adjusted EBITDA Growth
Adjusted EBITDA grew 27% year-over-year to $133 million.
Increased Financial Guidance for 2025
Collegium raised its 2025 financial guidance, expecting total revenue growth of approximately 24% year-over-year.
Strategic Capital Deployment
The company repaid $16.1 million of debt and ended the third quarter with $285.9 million in cash, cash equivalents, and marketable securities.
Expansion of Sales Force
The company expanded its ADHD sales force to approximately 180 representatives, targeting an increased number of prescribers.