Collegium Reports Record Third Quarter 2024 Financial Results
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Collegium Pharmaceutical reported record financial results for Q3 2024, with net revenue of $159.3 million, a 17% increase year-over-year. This growth was driven by record revenues from Belbuca and Xtampza ER.
November 07, 2024 | 9:15 pm
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Collegium Pharmaceutical reported record Q3 2024 financial results with net revenue of $159.3 million, a 17% increase year-over-year. The growth was driven by record revenues from Belbuca and Xtampza ER.
The record financial results, particularly the significant year-over-year revenue growth driven by key products Belbuca and Xtampza ER, are likely to positively impact Collegium's stock price in the short term. Investors often react favorably to strong earnings reports, especially when driven by core products.
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