CANTON, Mass., May 30, 2017 (GLOBE NEWSWIRE) -- Collegium Pharmaceutical, Inc. (Nasdaq:COLL) today announced the appointment of Joseph Ciaffoni to the newly created position of Executive Vice President and Chief Operating Officer, effective May 31, 2017.
“We are excited to have Joe join Collegium in this newly created role,” said Mike Heffernan, Collegium’s CEO. “Joe’s industry experience is extensive and includes building commercial businesses, leading emerging growth and multi-national organizations and achieving success across multiple therapeutic categories, including pain management. Joe has a proven track record of success across multiple product launches and the commercialization of numerous products. He will be instrumental as we continue to focus on growing Xtampza ER and implementing Collegium’s growth strategy.”
Prior to joining Collegium, Mr. Ciaffoni served in several senior management positions, most recently as President, U.S. Branded Pharmaceuticals at Endo International plc. Prior to joining Endo, Mr. Ciaffoni served as Senior Vice President, Global Specialty Medicines Group for Biogen. In this role, he led the development and execution of all aspects of global strategy across the value chain for marketed and pipeline products. Mr. Ciaffoni started his employment with Biogen Idec in 2012 and during his tenure held senior roles including Senior Vice President, U.S. Commercial and Vice President, U.S. Neurology Field Operations and Marketing. Prior to joining Biogen, Mr. Ciaffoni was Executive Vice President and Chief Operating Officer of Shionogi Inc. and President of Shionogi Pharmaceuticals. Previously, he served as Vice President, Sales for Schering-Plough (now Merck) and held several commercial leadership roles at Sanofi-Synthelabo (now Sanofi) and Novartis. Mr. Ciaffoni holds a B.A. in Communications and an M.B.A. from Rutgers.
“Opioid abuse and misuse is a significant problem across the country, at the same time that chronic pain patients are seeking effective treatments. I believe that Xtampza ER can be a critical part of the solution. I’m excited to join Collegium at this important point in the company’s evolution,” said Mr. Ciaffoni.
In addition, Barry Duke, Executive Vice President and Chief Commercial Officer, has chosen to relocate back to his home in North Carolina and will be leaving Collegium. Mike Heffernan added, “Barry has played an important role in building a commercial organization that is well-equipped to support the launch of Xtampza ER. We want to express our gratitude to Barry for his efforts and wish him the best of luck on his future endeavors.”
About Collegium Pharmaceutical, Inc.
Collegium is a specialty pharmaceutical company focused on developing a portfolio of products that incorporate its proprietary DETERx® technology platform for the treatment of chronic pain and other diseases. The DETERx technology platform is designed to provide extended-release delivery, unique abuse-deterrent properties, and flexible dose administration options.
About Xtampza ER
Xtampza® ER is Collegium’s first product utilizing the DETERx technology platform. Xtampza ER is an abuse-deterrent, extended-release, oral formulation of oxycodone approved by the FDA for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate.
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Collegium Pharmaceutical, Inc