Collegium buys Ironshore for $525m and enter ADHD market [Yahoo! Finance]
Cingulate Inc. (CING)
Company Research
Source: Yahoo! Finance
Collegium will pay $525m in cash to acquire outstanding shares of Ironshore. Following the transaction, Collegium will gain Ironshore's US Food and Drug Administration (FDA)-approved therapy, Jornay PM (methylphenidate hydrochloride), for treating attention deficit hyperactivity disorder (ADHD) in patients aged six years and older. The company will also pay an additional $25m if the sales of Jornay PM exceed Collegium's defined revenue expectations in 2025. The deal is expected to close in Q3 this year. Concurrent with the acquisition, Collegium also secured $646m as part of a five-year loan from Pharmakon Advisors, which, along with Collegium's cash reserves, will fund the Ironshore acquisition. “The Ironshore acquisition is a unique opportunity to deliver a transaction that is immediately accretive to Collegium while meeting all of our strategic objectives through the addition of a growing commercial asset that diversifies our portfolio, has significant revenue potential and ex
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CING
News
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CING
Sec Filings
- 9/27/24 - Form S-1
- 9/12/24 - Form 8-K
- 9/10/24 - Form 8-K
- CING's page on the SEC website