Business
Pacira BioSciences Reports Preliminary Net Product Sales of $50.2 Million for July 2022
-- EXPAREL average daily sales for July 2022 were 105 percent of July 2021 -- TAMPA, Fla., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Pacira BioSciences, Inc. (Nasdaq:
About this update from Pacira Biosciences, Inc.
[{"type":"text","content":"-- EXPAREL average daily sales for July 2022 were 105 percent of July 2021 -- TAMPA, Fla., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Pacira BioSciences, Inc. (Nasdaq: PCRX), the industry leader in its commitment to non-opioid pain management and regenerative health solutions, today reported preliminary unaudited net product sales of $50.2 million for the month of July 2022. The company’s net product sales include EXPAREL® (bupivacaine liposome injectable suspension), ZILRETTA® (triamcinolone acetonide extended-release injectable suspension), and the iovera° system. The company began recognizing sales of ZILRETTA in November 2021 after completing its acquisition of Flexion Therapeutics, Inc. “We are pleased to report continued EXPAREL growth despite lingering market disruptions. This solid performance underscores expanding adoption as the market continues to recognize the significant advantages of EXPAREL-based opioid-sparing approaches for postsurgical pain,” said Dave Stack, chairman and chief executive officer of Pacira BioSciences. “We are rolling out key partnerships that provide a clear pathway for expanding our customer base by supporting training and education around EXPAREL best-practice across multiple service lines. Our ZILRETTA franchise continues to perform well and remains in the early stage of its growth trajectory. In addition, the market feedback around our Generation-2 iovera° device continues to be positive and we remain confident the product will return to more robust growth as the year progresses. On the clinical front, we are working diligently to advance a pipeline of new growth opportunities with top line results for our two Phase 3 studies of EXPAREL as a lower extremity nerve block on track for the third and fourth quarters.” July 2022 Preliminary Net Product Sales Highlights EXPAREL net product sales were $40.9 million in each of July 2022 and 2021. The company also reports average daily growth rates for EXPAREL to account for differences in the number of selling days per reporting period. EXPAREL average daily sales for the month of July 2022 were 105 percent of July 2021. The number of EXPAREL selling days were 20 in July 2022 and 21 in July 2021.ZILRETTA net product sales were $8.2 million for July 2022. ZILRETTA sales in July 2021 occurred prior to the completion of the company’s acquisition of Flexion in N...