{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-079323","form_type":"8-K/A","ticker":"COLL","cik":"0001267565","company_name":"COLLEGIUM PHARMACEUTICAL, INC","filed_at":"2026-06-30T20:05:46+00:00","discovered_at":"2026-06-30T20:07:01.387686+00:00","generated_at":"2026-06-30T20:07:18.813439+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Collegium closes $655.6M acquisition of AZSTARYS; Corium had going concern doubt","bullets":["Acquired AZSTARYS (ADHD treatment) for ~$655.6M cash, funded by $355.6M cash on hand and $300M delayed draw term loan.","Up to $135M in additional milestone payments if AZSTARYS achieves certain commercial and manufacturing targets.","Corium's audited FY2025 net loss was $42.4M; accumulated deficit $736M; auditors flagged substantial doubt about going concern.","Corium FY2025 product sales $113.6M, up from $79.6M in FY2024; operating loss improved to $14.7M from $127.2M.","Pro forma financials filed; ADLARITY (Alzheimer's product) excluded as not part of acquisition."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-079323","json":"https://secwatch.observer/filing/0001104659-26-079323.json","markdown":"https://secwatch.observer/filing/0001104659-26-079323.md","text":"https://secwatch.observer/filing/0001104659-26-079323.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1267565/000110465926079323/0001104659-26-079323-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1267565/000110465926079323/tm2618928d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T20:07:18.813439+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}