CANTON, Mass., Nov. 29, 2016 (GLOBE NEWSWIRE) -- Collegium Pharmaceutical, Inc. (Nasdaq:COLL) announced that the underwriters for its public offering of 5,000,000 shares of its common stock at $16.00 per share have exercised in full their option to purchase an additional 750,000 shares of common stock at the public offering price, less the underwriting discounts and commissions. The closing for the additional purchase of 750,000 shares is expected to take place November 29, 2016, subject to customary closing conditions. Gross proceeds from the public offering, including the underwriters’ option to purchase additional shares are $92 million, excluding underwriters’ discounts and commissions.

Jefferies LLC and Piper Jaffray & Co. are acting as joint book-running managers. William Blair & Company, L.L.C. and Needham & Company, LLC are acting as co-lead managers and Janney Montgomery Scott LLC is acting as co-manager in this offering.

About Collegium Pharmaceutical, Inc.

Collegium is a specialty pharmaceutical company focused on developing a portfolio of products that incorporate its patent-protected DETERx technology platform for the treatment of chronic pain. The DETERx oral drug delivery technology is designed to provide extended-release delivery, unique abuse-deterrent properties, and flexible dose administration options.