Pacira BioSciences, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 06, 2024 at 04:02 pm EST
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Pacira BioSciences, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was USD 168.57 million compared to USD 163.93 million a year ago. Net loss was USD 143.47 million compared to net income of USD 10.86 million a year ago. Basic loss per share from continuing operations was USD 3.11 compared to basic earnings per share from continuing operations of USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 3.11 compared to diluted earnings per share from continuing operations of USD 0.23 a year ago.
For the nine months, revenue was USD 513.71 million compared to USD 493.73 million a year ago. Net loss was USD 115.6 million compared to net income of USD 17.09 million a year ago. Basic loss per share from continuing operations was USD 2.5 compared to basic earnings per share from continuing operations of USD 0.37 a year ago. Diluted loss per share from continuing operations was USD 2.5 compared to diluted earnings per share from continuing operations of USD 0.37 a year ago.
Pacira BioSciences, Inc. is a holding company for Pacira Pharmaceuticals, Inc. The Company's non-opioid treatments include EXPAREL (bupivacaine liposome injectable suspension), which is a long-acting, local analgesic for postsurgical pain management; ZILRETTA (triamcinolone acetonide extended-release injectable suspension), which is an extended-release, intra-articular (IA), corticosteroid injection indicated for OA knee pain, and Iovera, which is a novel handheld device for delivering immediate, long-acting, drug-free pain control using precise, controlled doses of cold temperature to a targeted nerve. EXPAREL is used across multiple orthopedic procedures, including joint reconstruction, shoulder, spine, extremity procedures, and hip fractures. It is developing interventions to address debilitating conditions involving the sympathetic nervous system, such as cardiac electrical storm, chronic pain. Its clinical development programs include PCRX-201, and pMVL-Based Clinical Program.