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Pacira Pharmaceuticals, Inc. Reports First Quarter 2011 Financial Results
Date:5/11/2011

in the future, it has no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing Pacira Pharmaceutical's views as of any date subsequent to the date of this press release.

Contacts:Company Contact:
Pacira Pharmaceuticals, Inc.
James S. Scibetta, 973-254-3560

or

Investor Contact:
Pure Communications Inc.
Jennifer Beugelmans, 646-596-7473Pacira Pharmaceuticals, Inc.Consolidated Statement of Operations(in thousands, except shares and per share amounts)(unaudited)Three Months

Ended March 31,20112010 Revenues: Supply revenue

$1,716$2,923 Royalties

937894 Collaborative licensing and development revenue

1,210967 Total revenues

3,8634,784 Operating expenses: Cost of revenues

3,6673,746 Research and development

3,5134,642 Selling, general and administrative

3,8051,011 Total operating expenses

10,9859,399 Loss from operations

(7,122)(4,615) Other (expense) income: Interest income

2935 Interest expense

(2,481)(612) Royalty interest obligation

(311)(172) Other, net

110(28) Total other expense, net

(2,653)(777) Net loss

$
(9,775)
$
(5,392)
Basic and diluted net loss per common share

$
(0.98)$
(9.39) Weighted average common shares outstanding - basic and diluted

10,014,042574,291Pacira Pharmaceuticals, Inc.Condensed Consolidated Balance Sheets(in thousands)(unaudited)March 31,December 31,20112010 Assets Cash and cash equivalents

$59,331$
26,133 Other current assets

4,6954,922 Fixed assets, net

24,35923,950 Intangibles and other assets, net

9,48411,557 Total assets

$
97,869$
,562 L
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SOURCE Pacira Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
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