What you should know:
1. For the fourth quarter, Pacira reported $122.4 million in revenues.
2. Exparel, Pacira’s flagship drug, drove fourth-quarter and full-year sales, posting $116.9 million and $407.9 million, respectively.
3. The company posted a net loss on the quarter and year of $4.9 million and $11 million, respectively.
4. Pacira issued its 2020 outlook, predicting full-year revenues between $485 million and $500 million.
Pacira CEO David Stack said: “Demand has continued to mount within the anesthesia community as Exparel-based nerve and field blocks take hold as institutional protocol. Additionally, we enhanced our non-opioid pain management product portfolio with the addition of iovera and we are seeing great interest from the marketplace around this innovative system.”
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
