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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- Sig Kirk Joins Assertio Board of Directors [Yahoo! Finance]Yahoo! Finance
- Sig Kirk Joins Assertio Board of DirectorsGlobeNewswire
- Assertio to Present at LD Micro Invitational Conference in New York City [Yahoo! Finance]Yahoo! Finance
ASRT
Earnings
- 3/11/24 - Beat
ASRT
Sec Filings
- 4/25/24 - Form EFFECT
- 4/19/24 - Form ARS
- 4/19/24 - Form DEF
- ASRT's page on the SEC website