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.
Overview
Pacira BioSciences Inc (NASDAQ: PCRX) is a specialty pharmaceutical company committed to revolutionizing pain management by offering innovative non-opioid therapies and regenerative health solutions. With a core focus on providing safe and effective alternatives for pain control, the company leverages its proprietary drug delivery platforms to address acute pain in surgical and chronic conditions. Its approach combines advanced pharmaceutical formulations with novel medical devices, ensuring that clinicians have access to effective treatment options that reduce reliance on opioids.
Core Technologies and Products
At the heart of Pacira's innovation is its unique product delivery technology, which encapsulates active compounds without altering their molecular structures. This platform enables controlled, extended release of medications, ensuring long-lasting efficacy. The company has successfully commercialized several non-opioid treatments:
- EXPAREL: A long-acting local anesthetic designed to provide postsurgical pain control through sustained drug release, thereby reducing the need for opioids.
- ZILRETTA: An extended-release intra-articular injection indicated for the management of osteoarthritis knee pain, offering patients prolonged relief.
- iovera®: A handheld, drug-free device that applies controlled doses of cold therapy to targeted nerves, providing immediate and lasting pain relief.
In addition to these commercial products, Pacira is advancing its pipeline with a novel gene therapy candidate, PCRX-201. This locally administered therapy aims to treat osteoarthritis by regulating inflammatory pathways, thus addressing the root causes of pain and disability.
Market Position and Business Model
Pacira BioSciences operates at the intersection of innovative drug delivery and non-opioid pain management solutions. Its business model emphasizes:
- Commercialization of Proven Therapies: The company has established a presence in markets requiring effective postsurgical and chronic pain management solutions, evidenced by the wide adoption of its therapies in diverse clinical settings.
- Advanced R&D and Pipeline Development: By investing in robust research and development programs, along with strategic partnerships, Pacira continues to expand its portfolio and maintain competitive differentiation in the specialty pharmaceutical sector.
- Regulatory and Reimbursement Strategies: With products that have secured critical reimbursement designations, Pacira enhances market access for its non-opioid therapies across different healthcare settings. This strategic emphasis supports clinician adoption and broader patient access.
Clinical and Commercial Significance
The company's focus on non-opioid pain management comes at a time when reducing opioid dependency is an urgent priority in healthcare. By developing treatments that not only manage pain effectively but also minimize opioid consumption, Pacira is addressing a key public health challenge. Its clinically validated products have been incorporated into pain management protocols in hospitals and outpatient settings alike, offering enduring benefits for patients and healthcare providers.
Innovative Edge and Future Pipeline
Pacira’s utilization of advanced drug delivery systems, such as multivesicular liposomes and precise cryoneurolysis, underscores its commitment to innovation. These technologies not only improve therapeutic outcomes but also facilitate streamlined billing and regulatory approval processes through established coding systems. With an evolving pipeline that includes gene therapy approaches, the company is poised to expand its reach into additional therapeutic areas, addressing unmet needs in the treatment of chronic and musculoskeletal pain.
Competitive Landscape and Differentiators
In a competitive market, Pacira differentiates itself through its deep expertise in non-opioid pain management and its commitment to technological advancements. The integration of robust clinical data, strategic reimbursement initiatives, and a focus on delivering sustained therapeutic benefits positions the company as a trusted innovator among healthcare practitioners. Unlike traditional pain management solutions that rely heavily on opioids, Pacira’s products are designed to provide effective relief with reduced risk of dependency, offering a clinically superior alternative in the evolving landscape of pain management.
Conclusion
With a comprehensive portfolio that spans commercial-stage products and a promising pipeline, Pacira BioSciences Inc stands as a key player in the specialty pharmaceutical industry. Its ongoing commitment to developing non-opioid pain therapies, underpinned by advanced drug delivery technologies and rigorous clinical validation, ensures that it remains an authoritative source of innovation and expertise in pain management and regenerative health.
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%.
Pacira BioSciences (Nasdaq: PCRX) has announced a multi-year partnership with the Ladies Professional Golf Association (LPGA), making Pacira’s iovera° the Official Non-Opioid Pain Management Partner. This handheld device utilizes cold therapy to manage pain without medication. Additionally, Pacira will sponsor the LPGA’s fitness trailer and promote non-opioid options during tournaments, with initiatives aimed at educating players about pain management and addressing the opioid crisis. Events in September will feature Pacira distributing purple ribbons for Opioid Awareness Month. The partnership enhances brand visibility and aligns with Pacira’s mission to promote non-opioid solutions.
Pacira BioSciences, Inc. (NASDAQ:PCRX) announced that it will report its fourth quarter and full year 2022 financial results on February 28, 2023, before U.S. markets open. Following this, a live conference call will be held at 8:30 a.m. ET, with an opportunity for pre-registered participants to engage in a Q&A session. Interested parties can access the live audio via the Pacira website, and a replay will be available for two weeks post-call. Pacira is focused on non-opioid pain management solutions, including EXPAREL, ZILRETTA, and iovera, aimed at reducing opioid dependency in patient care.
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