Needham Maintains Buy Rating for Collegium Pharmaceutical: Here's What You Need To Know

Needham has decided to maintain its Buy rating of Collegium Pharmaceutical COLL and raise its price target from $35.00 to $36.00.

Shares of Collegium Pharmaceutical are trading up 2.02% over the last 24 hours, at $23.98 per share.

A move to $36.00 would account for a 50.09% increase from the current share price.

About Collegium Pharmaceutical

Collegium Pharmaceutical Inc is a specialty pharmaceutical company. The company is engaged in developing and planning to commercialize abuse-deterrent products that incorporate its patented DETERx platform technology for the treatment of chronic pain and other diseases. The DETERx platform technology is designed to maintain the extended-release and safety profiles of highly abused drugs in the face of various methods including chewing, crushing, and dissolving. Its product portfolio includes Xtampza ER, which is an abuse-deterrent, extended-release, oral formulation of oxycodone; and Nucynta Products, which are extended-release & immediate-release formulations of tapentadol.

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