Welcome to our dedicated page for Pacira Biosciences news (Ticker: PCRX), a resource for investors and traders seeking the latest updates and insights on Pacira Biosciences stock.
Pacira BioSciences, Inc. (NASDAQ: PCRX) is a pharmaceutical preparation manufacturing company focused on non-opioid pain therapies, and its news flow reflects this specialized focus. Company announcements frequently highlight developments related to its three commercial-stage products—EXPAREL, ZILRETTA and iovera°—as well as its gene therapy candidate PCRX-201 for osteoarthritis of the knee.
On this page, readers can follow Pacira news such as commercial partnerships, clinical data, manufacturing updates and shareholder-related events. Recent releases include an agreement granting LG Chem exclusive rights to commercialize EXPAREL in select Asia-Pacific markets, preliminary revenue updates emphasizing EXPAREL sales, and data from a pilot study showing favorable safety and pain reduction with iovera° compared with radiofrequency ablation in chronic low back pain.
Pacira also issues news about its participation in scientific and investor conferences, including presentations at major healthcare conferences, and its involvement in collaborative research efforts. For example, the company announced that it joined the PROBE Consortium, a public‑private initiative using big data and AI to improve osteoarthritis research and care, and that it will contribute data from its ASCEND study of PCRX-201.
In addition, Pacira’s news includes corporate and financial updates such as preliminary unaudited revenue results, share repurchase activity, inducement equity grants under its inducement plan, and operational changes like workforce reductions linked to manufacturing efficiency improvements. External parties such as DOMA Perpetual Capital Management LLC have also issued public letters and proxy-related communications concerning Pacira’s governance and strategic options.
Investors, analysts and healthcare professionals can use this news feed to monitor product performance, pipeline progress, strategic partnerships, financing developments and shareholder actions that may influence the outlook for PCRX stock and Pacira’s role in non-opioid pain management.
Pacira BioSciences, Inc. (Nasdaq: PCRX) announced the pricing of $350 million in convertible senior notes due 2025, increased from an initial offering of $300 million. The net proceeds are estimated at $339 million, with $211.1 million designated to repurchase outstanding 2.375% notes due 2022. The notes bear a 0.750% interest rate and are convertible under specific conditions starting February 2025, with an initial conversion price of $71.78 per share, a 32.5% premium over the recent closing price. The offering settlement is expected on July 10, 2020.
Pacira BioSciences, Inc. (Nasdaq: PCRX) announced its intention to offer $300 million in convertible senior notes due 2025, subject to market conditions. The company may additionally sell $45 million in notes. Proceeds will be used to repurchase a portion of its 2.375% Convertible Senior Notes due 2022 and for general corporate purposes, including R&D and the acquisition of new technologies. The offering will adhere to Rule 144A under the Securities Act. The offering is not registered, and the company warns of potential market risks associated with the execution of this offering.
Pacira BioSciences (Nasdaq: PCRX) reported a preliminary net revenue of $75.5 million for Q2 2020, down from $102.6 million in Q2 2019. Sales were affected by COVID-19, leading to postponed elective surgeries. Average daily sales of EXPAREL were 30%, 81%, and 107% of the prior year for April, May, and June, respectively. Net product sales for EXPAREL were $73.8 million, a decrease from $99.8 million in the same quarter last year. The company plans to report complete financial results in August 2020.
Pacira BioSciences, Inc. (Nasdaq: PCRX) announced the termination of its agreement with DePuy Synthes for co-promotion of EXPAREL, effective January 2, 2021. This collaboration, which started in January 2017, enhanced EXPAREL's usage in orthopedic surgical settings. Pacira expressed gratitude for the partnership, emphasizing the significance of EXPAREL in opioid-sparing protocols. Following the termination, Pacira plans to manage EXPAREL independently and anticipates improved economics. The company is also building a training center in Tampa for better customer education and support.
Pacira BioSciences, Inc. (NASDAQ: PCRX) will present at the 2020 BMO Prescriptions for Success Healthcare Conference on June 23, 2020, at 10:00 AM ET. Interested investors can access the live audio through the company’s website, with a replay available for two weeks post-event. Pacira specializes in non-opioid pain management and regenerative health solutions, with its flagship product, EXPAREL®, a long-acting analgesic launched in April 2012. The company aims to reduce opioid reliance and recently acquired the iovera⁰ system for targeted nerve pain management.
PARSIPPANY, N.J., May 27, 2020 (GLOBE NEWSWIRE) -- Pacira BioSciences, Inc. (NASDAQ: PCRX) will present at the 2020 Jefferies Virtual Healthcare Conference on June 3, 2020, at 9:30 AM ET. Interested parties can access the live audio via the company's Events page. A replay will be available for two weeks post-event.
Pacira is known for its non-opioid pain management solutions, including EXPAREL®, a long-acting local analgesic launched in April 2012, and the iovera⁰ system, acquired in April 2019.
PACIRA BIOSCIENCES, INC. (NASDAQ: PCRX) will present at the 2020 RBC Capital Markets Global Healthcare Virtual Conference on May 20, 2020, at 9:45 AM ET. Interested parties can access a live audio stream on the company's website, with a replay available for two weeks post-event. Pacira is dedicated to non-opioid pain management technologies, including its long-acting local analgesic EXPAREL®, which launched in 2012. The company also acquired the iovera⁰ cryoanalgesia device in April 2019, aiming to enhance pain management and reduce opioid reliance.
Pacira BioSciences (PCRX) reported a 16% revenue increase for Q1 2020, totaling $105.7 million, driven by a 12% rise in EXPAREL sales to $101.3 million. GAAP net income stood at $8.2 million ($0.19/share), a recovery from a net loss of $2.8 million in Q1 2019. Despite early growth, the company has withdrawn full-year guidance due to COVID-19 uncertainties, although it anticipates some mitigation from expense reductions. Cash reserves are strong at $353.6 million, positioning the company for future recovery as elective surgeries resume.
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