Assertio Therapeutics Announces Sale of NUCYNTA® Franchise to Collegium Pharmaceutical for $375.0 Million
Assertio Holdings, Inc. (ASRT)
Last assertio holdings, inc. earnings: 3/9 04:02 pm
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Source: GlobeNewswire
Company Intends to Use Cash Proceeds to Retire its Outstanding Debt Company Intends to Use Improved Balance Sheet to Pursue Business Development, Strategic Partnerships and Investment Opportunities LAKE FOREST, Ill., Feb. 06, 2020 (GLOBE NEWSWIRE) -- Assertio Therapeutics, Inc. (“Assertio” or the “Company”) (NASDAQ: ASRT), today announced it has entered into a definitive agreement (“Agreement”) with Collegium Pharmaceutical, Inc. (“Collegium”) pursuant to which Collegium will acquire the NUCYNTA® franchise of products from the Company. The closing of the agreement is expected by February 14, 2020. Under the terms of the agreement, Collegium will pay Assertio $375.0 million in cash at closing, less royalties paid to Assertio in 2020. Collegium will also pay Assertio for certain inventories and equipment relating to the products. The Company intends to use cash proceeds retire its outstanding debt. “A key element of Assertio’s transformation over the la
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News
- Assertio Holdings, Inc. Appoints Mark Reisenauer to Its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Assertio Holdings, Inc. Appoints Mark Reisenauer to Its Board of DirectorsGlobeNewswire
- Assertio Holdings, Inc. (NASDAQ: ASRT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.MarketBeat
- Assertio Announces Results of Rolvedon® (eflapegrastim-xnst) injection Same-Day Dosing Clinical StudyGlobeNewswire
- Assertio Holdings, Inc. Appoints Paul Schwichtenberg to New CTO Role, Mary Pietryga as CCO [Yahoo! Finance]Yahoo! Finance
ASRT
Earnings
- 11/11/24 - Beat
ASRT
Sec Filings
- 12/17/24 - Form 8-K
- 11/19/24 - Form 4
- 11/15/24 - Form 4
- ASRT's page on the SEC website