M&A
confidence high
sentiment neutral
materiality 0.70
Collegium completes Ironshore acquisition; discloses Ironshore's $49.8M net loss for 2023 and $67.4M for H1 2024
COLLEGIUM PHARMACEUTICAL, INC
- Acquisition closed Sept 3, 2024; Ironshore's JORNAY PM (ADHD) product revenue $78.6M in 2023, $43.8M in H1 2024.
- Ironshore total assets $84.7M, total liabilities $442.3M, shareholders' deficit $(357.6)M at June 30, 2024.
- Ironshore notes payable (current + non-current) $149.8M at June 30, 2024; asset-backed lending $12.6M.
- Deferred royalty obligation $123.5M at June 30, 2024; warrant liability $8.3M; derivative liability $36.0M.
- Ironshore's net loss $(49.8)M in 2023 and $(67.4)M in H1 2024, with operating losses since inception.