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Pacira Pharmaceuticals, Inc. Reports Second Quarter 2011 Financial Results
Date:8/11/2011

irectors: In June 2011 Pacira welcomed Laura A. Brege and Paul J. Hastings to its board of directors. Together, Brege and Hastings bring more than five decades of biotechnology and pharmaceutical industry experience with both privately-held and publicly-traded companies. The company also announced that Carl L. Gordon, Ph.D. had stepped down from the board.  With these changes, the board membership has been expanded from seven to eight.
  • Added to the Russell 3000 Index: In June 2011 Pacira announced its inclusion in the Russell 3000 Index, which measures the performance of the 3,000 largest U.S. companies representing approximately 98 percent of the investable U.S. equity market.

  • If EXPAREL is granted a broad postsurgical pain label by the FDA, Pacira would be positioned to address a U.S. market opportunity of approximately 25 million infiltration and elastomeric bag procedures per year. Based upon the October 28, 2011 PDUFA date and potential FDA approval timeline, Pacira plans to commercialize EXPAREL in the U.S. in the first quarter of 2012. Beyond infiltration, the company expects to develop EXPAREL for use in nerve block and other administrations, which collectively represent an additional 14 million opportunities per year. Pacira believes there are multiple product opportunities for EXPAREL in the future as well as significant potential for its DepoFoam® technology platform, which supports an additional pipeline of development assets and partnering opportunities.

    Upcoming ActivitiesPacira expects to present at the following investor conferences:

  • Wedbush PacGrow Healthcare Biotech Conference, August 16 in New York
  • UBS Global Life Sciences Conference, September 19-21, in New York

  • Pacira expects to have a presence at the following medical meetings:

  • American Society of Plastic Surgeons (ASPS), September 23-27, in Denver, Colo.
  • American College of Clinical Pharmacy (ACCP
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  • SOURCE Pacira Pharmaceuticals, Inc.
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