Pacira Biosciences Inc Stock Price, News & Analysis

Pacira BioSciences, Inc. has partnered with the Invited Celebrity Classic, a PGA TOUR Champions event, to promote non-opioid pain management using its device, iovera°. The device applies targeted cold therapy to alleviate chronic and acute pain without medications. Paul Goydos, a professional golfer, joins as a brand ambassador to raise awareness of iovera°.

The partnership includes on-site activations and education at various golf tournaments throughout the year, with the inaugural event occurring from April 21-23, 2023, at the Las Colinas Country Club. This initiative aims to highlight the benefits of non-opioid options and reduce reliance on opioid medications, which carry substantial addiction risks. Pacira currently focuses on redefining pain management through innovation.

Pacira BioSciences, Inc. (NASDAQ: PCRX) announced the appointment of Christopher Young as Chief Manufacturing Officer on April 19, 2023. Young, a seasoned operations executive, will oversee all manufacturing activities for Pacira's product portfolio, focusing on supply chain design, product life cycle management, and global product launches. Prior to joining Pacira, he held senior roles at Akorn Inc. and Alvogen Inc., demonstrating a strong track record in operational leadership and efficiency improvements. CEO Dave Stack praised Young for his team-building skills and operational expertise. Young expressed enthusiasm for contributing to Pacira's vision of providing opioid alternatives and enhancing patient care.

Pacira BioSciences, Inc. (NASDAQ: PCRX) will participate in a fireside chat at the 22nd Annual Needham Virtual Healthcare Conference on April 19, 2023, at 10:15 AM ET. This event aims to provide insights into the company’s commitment to developing non-opioid treatments and innovative solutions for conditions affecting the sympathetic nervous system. Those interested can access the live audio on the company’s website, with a replay available for two weeks post-event.

Pacira focuses on redefining opioid use as a last resort by offering alternatives like EXPAREL, ZILRETTA, and iovera, aimed at managing pain and improving patient outcomes. For more information, visit their official site.

Pacira BioSciences (Nasdaq: PCRX) announced significant financial maneuvers, including the repayment of $287.5 million in Term Loan B debt on March 31, 2023. This was accomplished through a new $150 million Term Loan A Facility and existing cash. The company expects to have around $180 million in cash and investments by the end of Q1 2023. With the lower interest rate of the new loan—400 basis points lower than the previous facility—Pacira anticipates a reduction of at least $15 million in interest expenses for 2023. This move is projected to improve the company's debt leverage ratio and reaffirm their growth outlook.

Pacira BioSciences, Inc. (PCRX) announced that the FDA has accepted its supplemental new drug application (sNDA) to expand the label of EXPAREL. This expansion seeks to include indications for single-dose sciatic and femoral nerve blocks, which could impact over 3 million lower extremity procedures annually. The sNDA is backed by two Phase 3 studies demonstrating significant reductions in postsurgical pain and opioid use compared to bupivacaine HCl. The FDA's expected action date is November 13, 2023. This approval may provide clinicians with an effective non-opioid option for pain management.

Tampa, Fla. – March 27, 2023 – Pacira BioSciences (Nasdaq: PCRX) announced that the U.S. Court of Appeals for the Third Circuit upheld the dismissal of the company’s lawsuit against the American Society of Anesthesiologists. The court determined that the contested findings in Anesthesiology articles were scientific opinions, allowing specialists to assess these as ‘tentative scientific conclusions’. CEO Dave Stack emphasized their commitment to non-opioid alternatives and highlighted that EXPAREL, their long-acting pain management solution, has been used in over 12 million patients. The company aims to enhance patient care through partnerships with medical professionals while expanding the use of EXPAREL.

Pacira BioSciences, Inc. (Nasdaq: PCRX) announced the retirement of independent director Yvonne Greenstreet, effective March 31, 2023, after nine years of service. Dr. Greenstreet, CEO of Alnylam Pharmaceuticals, expressed pride in her contributions to Pacira's growth and emphasized the company's commitment to non-opioid pain management. Pacira is now in the process of selecting a new independent Board member. The company focuses on redefining opioids as a rescue therapy and has three commercial-stage non-opioid treatments: EXPAREL, ZILRETTA, and iovera, aimed at addressing unmet medical needs.

TAMPA, Fla., March 08, 2023 (GLOBE NEWSWIRE) -- Pacira BioSciences (NASDAQ: PCRX) announced its participation in an analyst-led fireside chat at the Barclays Global Healthcare Conference on March 15, 2023, at 9:00 AM ET in Miami. The event will be accessible via the company’s website with a two-week replay available post-event.

Pacira focuses on non-opioid therapies, offering three commercial products: EXPAREL for postsurgical pain, ZILRETTA for osteoarthritis knee pain, and ioveraº for drug-free pain control. The company aims to reduce opioid reliance in pain management.

Pacira BioSciences (Nasdaq: PCRX) reported record revenues of $667 million in 2022, a 23% increase from 2021. The company achieved a full-year GAAP net income of $16 million and an adjusted EBITDA of $213 million. However, a fourth quarter GAAP net loss of $10.1 million was reported alongside a 15% decrease in adjusted EBITDA compared to Q4 2021. EXPAREL surpassed 12 million patients, and the company opened a new training center in Houston. For 2023, Pacira forecasts EXPAREL sales of $570 million to $580 million and a non-GAAP gross margin of 76% to 78%.