Collegium Announces Authorized Generic Agreement With Hikma Pharmaceuticals USA Inc. For Nucynta And Nucynta ER
Portfolio Pulse from Benzinga Newsdesk
Collegium Pharmaceutical, Inc. (NASDAQ:COLL) has entered into an exclusive agreement with Hikma Pharmaceuticals USA Inc. for the sale of authorized generic versions of Nucynta and Nucynta ER in the U.S. Collegium will manufacture and supply the products, receiving a share of net profits, which will decrease with more generic entrants. This agreement aims to maintain the Nucynta Franchise's value and accessibility.
April 29, 2024 | 12:22 pm
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Collegium Pharmaceutical's agreement with Hikma Pharmaceuticals for the sale of Nucynta's authorized generics in the U.S. ensures continued revenue from the Nucynta Franchise and aims to preserve its market presence.
The agreement with Hikma Pharmaceuticals is likely to have a positive short-term impact on Collegium's stock price. By securing an exclusive partner for the sale of Nucynta's authorized generics, Collegium ensures a continued revenue stream from these products. The deal also mitigates the risk of revenue loss due to generic competition, as Collegium will receive a share of net profits, although this may decrease with more generic entrants. The partnership with an industry leader like Hikma underscores Collegium's commitment to maintaining the Nucynta Franchise's value and accessibility, potentially boosting investor confidence.
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