Cumberland pharma firm moves to new office, lab in Mass.

COLLEGIUM PHARMACEUTICALS has moved its operations from Cumberland to Canton, Mass.
Posted 1/17/13

(Updated Jan.18, 3 p.m.)

CUMBERLAND – Pharmaceutical developer Collegium Pharmaceutical Inc. has moved its operations out of Cumberland to more refined labs Canton, Mass., the company announced Thursday.

Collegium’s lead program, DETERx, has been put on “Fast Track Status” by the U.S. Food and Drug Administration due to its potential to address the issue of prescription drug abuse, according to the company.

“We are pleased to have completed our relocation to Massachusetts,” said CEO Michael Heffernan in prepared remarks. “It is becoming increasingly recognized that tamper-resistant, extended-release opioids play an important role in the fight against prescription pain medication abuse. Oxycodone DETERx may offer a number of significant clinical advantages over currently marketed tamper-resistant opioids for the treatment of chronic pain.”

The tamper-resistant, extended-release capsule product, now in its final stages, is intended to reduce the abuse of opioid drugs, such as OxyContin.

“The new analytical and development labs will facilitate the completion of the development of this important product,” said Heffernan.

According to the company, the technology also deters crushing, a practice which allows abusers to administer the drugs “orally, intranasally or by IV injection” in order to attain a high. Extended release formulations are often targeted due to their high dosages.

Collegium President Michael Heffernan told Providence Business News that Rhode Island lost 20 jobs in the move.

Founded in Cumberland in 2002, Collegium is a developer of late-stage, chronic pain-killing drugs and extended-release, tamper-resistant technology.

PBN Hosted

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News