Strong Revenue Growth
Collegium Pharmaceutical reported 23% year-over-year revenue growth in the first quarter of 2025, driven by significant contributions from Jornay PM and their pain portfolio.
Jornay PM Performance
Jornay PM prescriptions grew 24% year-over-year, generating $28.5 million in net revenue in its second full quarter of ownership. The company expects Jornay PM to generate at least $135 million in annual revenue, representing 34% growth from 2024.
Expansion of Sales Force
Collegium expanded their ADHD sales force by adding 55 new representatives, bringing the total to 180, to further accelerate prescription growth for Jornay PM.
Recognition as a Top Workplace
Collegium was recognized in USA TODAY’s Top Workplaces list and the Boston Business Journal’s Best Places to Work for the second year in a row.
Board and Leadership Updates
Collegium announced updates to their Board of Directors and executive leadership team, including the appointment of new leaders and the retirement of long-serving board members.
$25 Million Accelerated Share Repurchase Program
The Board authorized a $25 million accelerated share repurchase program, reinforcing their commitment to return value to shareholders.
Strong Financial Position
Collegium generated $55.4 million in cash from operations, increased their cash position to nearly $200 million, and paid down $16.1 million of debt.