Pacira BioSciences, Inc. - PCRX STOCK NEWS

Pacira BioSciences, Inc. (Nasdaq: PCRX) and the NFL Alumni Association have announced a partnership aimed at raising awareness for non-opioid pain management strategies.

The collaboration will educate retired players and youth sports organizations on effective alternatives to opioids for managing pain, particularly postsurgical pain and knee osteoarthritis. The program will unfold through events and educational content shared via NFLA channels through May 2025, focusing on player safety and combatting the opioid crisis.

This partnership highlights Pacira's commitment to redefining opioid use in pain management.

Pacira BioSciences (PCRX) reported a strong second quarter of 2022 with total revenues of $169.4 million, a 25% increase year-over-year, attributed to successful integration of Flexion. EXPAREL net sales were $137 million, contributing significantly to net income of $19.9 million or $0.44 per share. Adjusted EBITDA stood at $44.9 million. The company completed patient enrollment in two Phase 3 studies for EXPAREL, which may expand its indications. However, ongoing challenges related to COVID-19 could impact future revenue guidance.

TAMPA, Fla., Aug. 02, 2022 – Pacira BioSciences (NASDAQ: PCRX) will participate in the analyst-led fireside chat at the 2022 Wedbush PacGrow Healthcare Virtual Conference on Aug. 10, 2022, at 11:30 AM ET. Investors can access the live audio on the company’s website, with a replay available for two weeks post-event. Pacira is focused on non-opioid treatments, marketing products like EXPAREL®, ZILRETTA®, and ioveraº®. The company's mission aims to redefine opioid use, addressing chronic pain and related conditions.

Pacira BioSciences, Inc. (NASDAQ:PCRX) will report its Q2 financial results on August 3, 2022, before U.S. market opens. Following the report, a conference call is scheduled at 8:30 a.m. ET. The call can be accessed by dialing 1-800-715-9871 (US) or 1-646-307-1963 (international), using passcode 9287305. Interested investors can join via webcast on Pacira's investor page. The company focuses on non-opioid treatments, including EXPAREL®, ZILRETTA®, and ioveraº®, aimed at reducing opioid reliance in pain management.

Pacira BioSciences reported preliminary revenues of $169.4 million for Q2 2022, up from $135.6 million in Q2 2021. Sales were driven by EXPAREL and ZILRETTA, with average daily sales of EXPAREL at 105% of the prior year for Q2. The company is focused on expanding its portfolio of non-opioid pain management solutions. Despite pandemic disruptions, they are optimistic about growth, especially in outpatient settings. The company remains cautious about future guidance due to ongoing challenges, including labor shortages and potential COVID-19 impacts.

Pacira BioSciences and the National Safety Council announced their partnership to launch the Connect2Prevent program, aimed at educating employees and their families on preventing opioid misuse and addiction. The program features a 10-12 week curriculum addressing the risks of opioids, stigma, and alternatives to pain management. This initiative, which starts piloting this summer, encourages meaningful discussions about substance use. Key data highlights the serious risks, such as a 33% higher chance of misuse for those using opioids before high school.

Pacira BioSciences (Nasdaq: PCRX) reported preliminary unaudited net product sales for May 2022, with EXPAREL achieving $44.9 million, a 9% increase from $41.2 million in May 2021. Average daily sales for EXPAREL reached 104% of the prior year, reflecting an increase in utilization. Iovera° sales rose slightly to $1.1 million. CEO Dave Stack highlighted EXPAREL's growth amid ongoing pandemic challenges and noted robust performance of ZILRETTA with over 220 new accounts. The company currently refrains from providing 2022 revenue guidance due to uncertainties from COVID-19 and elective surgery recovery.

Pacira BioSciences, Inc. (NASDAQ: PCRX) will participate in an analyst-led fireside chat at the Jefferies Healthcare Conference on June 9, 2022, at 9:00 AM ET in New York. The live audio of the event can be accessed via the company's website, and a replay will be available for two weeks thereafter.

Pacira is dedicated to providing non-opioid treatment options, including three commercial-stage products: EXPAREL, ZILRETTA, and ioveraº. The company aims to redefine opioid usage and address chronic pain and other debilitating conditions.

Pacira BioSciences partnered with the National Senior Games Association to achieve a GUINNESS WORLD RECORDS title for the Largest Game of Freeze Dance, held on May 16, 2022, with 1,308 participants in Fort Lauderdale, Florida. This event highlighted the company's non-opioid pain relief device, iovera°, which provides up to 90 days of osteoarthritis pain relief. Amber Sears from Pacira emphasized the initiative's role in promoting non-opioid options for chronic pain management, aiming to educate patients about viable alternatives to opioid treatments.