Generic CompetitionWith now a path for generics to enter the market, we see a substantial decline in Pacira’s top and bottom lines, and we don’t see any clear path for recovery, which will likely keep investors on the sidelines.
Market PressureThe news is expected to put pressure on PCRX shares, as Qilu seems to be an experienced competitor in the generics and biosimilar space.
Patent ChallengesThe appeal process and litigation of other Exparel patents will likely take years, and ’495 invalidity ruling potentially casts doubt on the strength of the remaining patents.