PCRX News & Events

Pacira BioSciences (PCRX) announced the appointment of Samit Hirawat, M.D., to its Board of Directors. This appointment increases the size of the company's Board of Directors to 10 members. Most recently, Dr. Hirawat served as Chief Medical Officer, Executive Vice President, and Head of Global Drug Development at Bristol Myers Squibb (BMY).

Pacira BioSciences announced it has entered into an agreement with LG Chem designed to expand access to opioid-sparing postsurgical pain control for patients in select Asian-Pacific markets. Through this partnership, LG Chem has the exclusive rights to commercialize EXPAREL. "We are excited to launch this key regional partnership that significantly expands patient access to opioid-sparing pain management and advances our 5x30 strategy. LG Chem is an established leader in pain management with a proven track record of delivering orthopedic pain solutions to patients across Asia," said Frank D. Lee, chief executive officer of Pacira BioSciences. "By leveraging LG Chem's decades of experience in the orthopedic and surgical markets, we will greatly broaden the availability of EXPAREL in a part of the world where there is a significant unmet need for long-acting postsurgical pain control and enhanced recovery." Under the terms of the agreement, Pacira will receive an undisclosed upfront payment, a transfer price, and tiered royalties on future commercial sales by LG Chem in licensed territories. Pacira will manufacture EXPAREL. LG Chem will be responsible for securing regulatory approvals in the licensed territories and plans to file for marketing authorizations in South Korea and Thailand within the next six months.

Equity futures were mixed following a mixed regular session, as profit-taking and risk aversion appeared to take hold ahead of the forthcoming jobs report. Of note, however, President Trump instructed his "representatives" to purchase $200B of mortgage bonds, sending shares of companies such as Opendoorand Offerpadhigher. This marks the second day in a row Trump released commentary on Truth Social that resulted in bullish sentiment for a sector, after his comments on expanding military spending on Wednesday.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER TRUMP INSTRUCTS 'REPRESENTATIVES' TO BUY $200B OF MORTGAGE BONDS -Offerpad Solutionsup 64.5%Opendoor Technologiesup 12.4%Rocket Companiesup 7%UWM Holdingsup 5.1%ALSO HIGHER -Jazz Pharmaceuticalsup 5% after naming Thomas Riga chief business officerMGM Resortsup 0.7% after Texas Capital initiated coverage of the stock with a Buy ratingLOWER AFTER EARNINGS -Paciradown 9.7%WD-40down 9.1%ALSO LOWER -AXT Inc.down 29% after cutting its Q4 guidanceOlindown 7.8% after updating its Q4 outlookGeneral Motorsdown 1.6% after saying it expects an additional $6B in charges related to a review of EV capacity and investments