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Collegium Pharmaceutical Holding On To Significant Gain

Shares of Collegium Pharmaceutical (COLL) have pulled back off their best levels of the day but continue to see significant strength in afternoon trading on Thursday. Collegium is currently up by 11.8 percent after reaching a two-month intraday high.

The jump comes after Cigna (CI) said it has signed a value-based contract with Collegium Pharmaceutical for its oxycodone equivalent Xtampza ER after ending coverage of opioid painkiller OxyContin.

by RTTNews Staff Writer

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