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Collegium Strengthens ADHD Portfolio With AZSTARYS Acquisition

COLL
M&A & RestructuringHealthcare & BiotechCompany FundamentalsPatents & Intellectual Property

Collegium Pharmaceutical will acquire AZSTARYS from Corium Therapeutics for $650 million in cash, with up to $135 million in potential milestone payments. The deal adds a marketed ADHD product to Collegium's portfolio, likely accelerating near-term revenue opportunities for Collegium while introducing integration and milestone-related execution risk.

Analysis

Collegium Pharmaceutical will acquire AZSTARYS from Corium Therapeutics for $650 million in cash, with up to $135 million in potential milestone payments. The deal adds a marketed ADHD product to Collegium's portfolio, likely accelerating near-term revenue opportunities for Collegium while introducing integration and milestone-related execution risk.

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