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Pharma Tech Outlook | Wednesday, January 08, 2020
Collegium will benefit from BDSI's assistance in becoming a prominent, diversified specialty pharmaceutical company while also strengthening its financial position.
Fremont, CA: “This acquisition is a major step forward in our mission to build a leading, diversified specialty pharmaceutical company committed to improving the lives of people living with serious medical conditions,” comments Joe Ciaffoni, President and Chief Executive Officer of Collegium. BioDelivery Sciences International Inc.(BDSI) has been acquired by Collegium Pharmaceutical.
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“We have significantly diversified the business and expanded our overall revenue scale. This transaction is immediately and highly accretive, and we are now focused on seamless integration and delivering identified synergies of at least $75 million within twelve months.” adds Joe Ciaffoni.
Collegium's aim to develop a premier, diversified specialty pharmaceutical firm committed to improving the lives of individuals living with significant medical diseases is strategically aligned with BDSI. It diversifies and increases Collegium's revenues by adding BELBUCA as a second and very complementary growth driver to the company's highly distinctive pain portfolio, alongside SYMPROIC as a contributor and ELYXYB as a new product launch potential.
Collegium's is further strengthened by BDSI's increased revenue scale, immediate and significant earnings accretion, and accelerated cash flow generation, all of which are driven by annual run rate synergies of at least $75 million that are expected to be realized within twelve months of closing.
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