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Monday, November 14, 2016 2:14:51 PM
Xtampza had a full quarter of sales. It was launched mid-June and 3rd quarter ended in September. Revenue was $408K and cost of product revenue was $29K, which is a gross profit margin of 92%. Selling and general expenses increased $17.7 million from last year.
Collegium has a large market capitalization because it raised a lot of capital from the public markets. Collegium spent a lot to cash to launch Xtampza, and has $91 million of cash left. Collegium went IPO in 2015 at around $12 a share.
Collegium Reports Third Quarter Financial Results, Nov. 10, 2016:
http://ir.collegiumpharma.com/phoenix.zhtml?c=253995&p=irol-newsArticle&ID=2221547
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