Collegium Pharmaceutical reported strong Q3 2020 results, achieving record net income of $11.3 million and generating $34.2 million in cash flow from operations. The company also strengthened formulary access for Xtampza ER and reached a settlement with Teva regarding patent litigation.
Reported record net income in Q3 2020.
Generated $34.2 million in cash flow from operations.
Strengthened formulary access for Xtampza ER, including an exclusive national Medicare Part D win.
Reached a settlement with Teva Pharmaceutical resolving patent litigation.
The company has not provided a reconciliation of its full-year 2020 guidance for non-GAAP adjusted income to the most directly comparable forward-looking GAAP measure because it is unable to predict, without unreasonable efforts, the timing and amount of items that would be included such a reconciliation.
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