1. Pacira's lawsuit against eVenus resulted in patent invalidation. 2. The '495 patent, vital for Exparel's revenue, is now invalidated. 3. PCRX stock plummeted over 47% after the negative press release. 4. Shareholders are encouraged to participate in a class action lawsuit. 5. Market fears more generic entrants and litigation expenses.
The invalidation of a key patent threatens PCRX’s major revenue source, potentially leading to significant market value loss, similar to other biopharma cases where patent losses led to drastic stock declines.
The article highlights a critical legal issue directly impacting PCRX’s core product and financial stability, warranting significant attention from investors.
The immediate reaction in stock price demonstrates the market's sensitivity, as seen previously with other companies facing patent invalidation.
NEW YORK, Feb. 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Pacira BioSciences, Inc. (NASDAQ: PCRX).
Shareholders who purchased shares of PCRX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
August 2, 2023 to August 8, 2024
According to the complaint, on August 9, 2024, Pacira issued a press release announcing the results of its lawsuit against eVenus for patent infringement. Pacira disclosed that the court "found that the company's U.S. Patent No. 11,033,495 (the '495 patent) is not valid," and, thus, eVenus is not infringing on anything. Pacira's '495 patent is for Exparel, which is the main source of growth for the Company, encapsulating roughly 80% of its revenue. Analysts have noted that the invalidity of the '495 patent calls into question the validity of the Company's other patents, potentially resulting in more generic entrants into the market and increased litigation expenses moving forward. Following this news, Pacira's common stock declined dramatically. From a closing market price of $22.36 per share on August 8, 2024, Pacira's stock price fell to a low of $11.70 per share on August 9, 2024, a decline of over 47% in a single day.
March 14, 2025. Shareholders should not delay in registering for this class action. Register your information here: Class Action Submission Form
Once you register as a shareholder who purchased shares of PCRX during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 14, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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