PCRX · NASDAQ · Drug Manufacturers - Specialty & Generic

Pacira BioSciences (PCRX)

Develops non-opioid pain and musculoskeletal treatments built on a liposome drug-delivery platform.

$24.64
vs last close+0.53 (+2.20%)
Loading prices…

Pacira BioSciences, Inc.PCRX
Health Care

Sells non-opioid pain-management and musculoskeletal-health products to hospitals and outpatient surgery centers, led by EXPAREL, a long-acting local anesthetic built on an inherited liposome delivery technology. Revenue concentrates heavily in that single product, distributed through a small number of pharmaceutical wholesalers.

Develops non-opioid treatments for postsurgical pain and musculoskeletal conditions, sold mainly to hospitals and outpatient surgical centers rather than directly to patients. EXPAREL, a long-acting local anesthetic built on an inherited liposome drug-delivery technology, accounts for most revenue; ZILRETTA, an extended-release knee osteoarthritis injection, and iovera°, a cryoanalgesia device agreed for sale to another medical company, round out the portfolio.

Assembled through acquisition rather than built around a single founder, the business later added knee osteoarthritis and gene-therapy research. A recently enacted federal reimbursement rule now gives its non-opioid products separate payment status in outpatient settings.

Three national pharmaceutical wholesalers handle the large majority of distribution. Patent litigation over the lead product settled on terms deferring broad generic competition toward the end of the decade, while a gene-therapy candidate anchors the push beyond the founding product line.

Company facts

CEOFrank D. Lee
ListedFeb 3, 2011
ExchangeNASDAQ
HeadquartersBrisbane, CA
CountryUnited States
Employees829
CIK0001396814
ISINUS6951271005

Market cap$948.4M
EPS (ttm)$0.3513
P/E (ttm)68.63
ROE2.1%
P/B1.41
P/S1.27
Dividend yieldDiv yield
Beta0.32vs XLV 0.55

Price target$29.00+20.3%Average of 36 analysts
ConsensusHold17 of 36 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 9, 2026Leerink PartnersTarget
Target:
Target: $28
Aug 17, 2026Truist FinancialTarget
Target: $25
Target: $30
Aug 5, 2026RBC CapitalReiterate
Rating: Target:
Rating: Sector PerformTarget: $25
May 1, 2026NeedhamReiterate
Rating: Target: $63
Rating: BuyTarget: $32
Dec 8, 2025BarclaysTarget
Target: $24
Target: $27

Next report
Nov 5, 26
in 44 days
EPS estimate
$0.76
Revenue estimate
$182.2M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Aug '26Nov '26
Reported$0.91$0.62$0.74$0.70$0.57$0.60$0.73Pending
Estimate$0.78$0.57$0.72$0.65$0.85$0.61$0.65$0.76
Surprise+16.7%+8.8%+2.8%+7.7%−32.9%−1.6%+13.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Aug '26Nov '26
Reported$187.3M$168.9M$181.1M$179.5M$196.9M$177.4M$192.4MPending
Estimate$185.4M$187.5M$182.4M$201.9M$200.3M$171.8M$191.1M$182.2M
Surprise+1.0%−9.9%−0.7%−11.1%−1.7%+3.2%+0.7%
Estimate$0.76
ReportedDue Nov 5, 2026
Estimate$182.2M
ReportedDue Nov 5, 2026
View details

Debt to equity61.30%
Current ratio504.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$168.6M$187.3M$168.9M$181.1M$179.5M$196.9M$177.4M$192.4M
Net income−$143.5M$16.0M$4.8M−$4.8M$5.4M$1.6M$2.9M$4.7M
Net margin0.0%8.6%2.8%0.0%3.0%0.8%1.6%2.4%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$139.5M$24.7M$2.0M$8.5M$6.4M$3.2M$4.6M$4.3M
YoY growthTurned loss−25.5%−84.9%−69.9%Turned profit−87.1%+132.4%−49.8%

Balance sheet, Jun 30, 2026Cash & short-term investments $251.0M · Total debt $412.1M · Total assets $1.24B · Shareholders' equity $672.0M

Revenue
$192.4M
Operating income
$4.3M
Net income
$4.7M
View details

No dividends on record.

Institutions111.51%44.45M shares
257 holders · as of Jun 30, 2026
Insiders11.41%4.55M shares
17 holders · as of Aug 18, 2026
Strategic holders10.55%4.21M shares
1 holder · as of Feb 14, 2022
Adds to133.47%

39.86M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 133.47%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
16.82%6.71Mas of Jun 30, 2026
Macquarie Group LimitedStrategic
10.55%4.21Mfiled Feb 14, 2022
Pedro EscuderoInsider
7.37%2.94Mfiled Mar 12, 2026
Doma Perpetual Capital Management LLCInstitution
6.97%2.78Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
6.04%2.41Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 17, 2026Jonathan Sloninofficer: Chief Medical Officer−3,040$23.23
Jun 11, 2026Lauren Rikerofficer: Senior Vice President, Finance−6,115$23.50
Jun 4, 2026Kristen Williamsofficer: Chief Administrative Officer−10,259$22.27
Apr 23, 2026Shawn Crossofficer: Chief Financial Officer−12,941$25.16
Apr 20, 2026Shawn Crossofficer: Chief Financial Officer−7,714$25.14
View details

  • Heron Therapeutics

    Specialty biopharma in non-opioid postsurgical pain and antiemetic care

  • Vertex Pharmaceuticals

    Cystic fibrosis leader diversifying into non-opioid acute pain treatment

  • Bioventus

    Durham, NC medical device maker of hyaluronic acid knee OA injectables

  • Anika Therapeutics

    Hyaluronic acid viscosupplements rivaling non-opioid OA knee injectables

  • Sanofi (ADR)

    Global pharma marketing Synvisc-One, an HA rival to intra-articular OA therapy

Compare

CompanyPriceChange
Pacira BioSciences$24.64+2.20%$948.4M68.67.91.3+6.2%
Heron Therapeutics$0.2846+5.41%$51.1M0.3+1.3%
Vertex Pharmaceuticals$515.01+0.84%$129.62B29.726.810.3+12.5%
Bioventus$13.50+1.43%$901.7M17.317.01.5+3.8%
Anika Therapeutics$20.90+0.97%$277.0M23.52.3+15.6%
Sanofi (ADR)$42.25−0.59%$102.05B75.61.8+11.2%
Median29.723.51.8+11.2%