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Collegium Pharmaceutical Collects $20 Million Series D

Wednesday, July 16, 2008 5:49:00 AM PDT | VentureDeal Staff

Cumberland, Rhode Island -- Collegium Pharmaceutical announced that it has received $20 million in its fourth round of venture capital funding.

The company is developing late stage pharmaceuticals that add clinical benefit to existing drugs that have already been proven safe and effective.

Frazier Healthcare Ventures led the round, which included Boston Millennia Partners and Westfield Capital Management.  

The company said that the proceeds from the financing will be used to continue development of its lead candidate, the "COL-003, a tamper resistant, abuse-deterrent, sustained release oxycodone formulation."

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