Pacira BioSciences' board is under a securities-litigation probe by Brodsky & Smith over the Viatris sale at $36.50 per share, valuing the deal at $1.65 billion. The investigation questions whether the process was fair and whether shareholders were adequately served. A material impact would hinge on deal closure timing and potential renegotiation outcomes.
Viatris has agreed to acquire Pacira Biosciences for $1.65 billion, adding Pacira’s pain-therapy products to its portfolio. The deal signals a strategic exit for Pacira and provides an immediate premium to shareholders, with closing contingent on regulatory approvals. The transaction could reshape PCRX’s near-term value and reduce Pacira’s standalone growth risk for Viatris.
PCRX settled litigations regarding Exparel patents with multiple pharmaceutical companies. Settlement includes a license for limited generic entry beginning in early 2030. Pacira’s fourth-quarter sales for Exparel increased 3% year-over-year to $147.7 million. Analysts maintain 'Buy' ratings with price targets raised significantly after the news. PCRX stock rose 16.8%, reflecting positive market sentiment on this announcement.