EXPAREL Volume Growth
EXPAREL performance improved with a 6% year-over-year volume growth, the highest in 8 quarters.
Reiteration of Revenue Guidance
Pacira reiterated and narrowed its range for revenue guidance, indicating strong commercial progress.
Enhanced Capital Structure
The company enhanced its capital structure and liquidity with a new $300 million revolver and a significant reduction of debt.
Commercial Coverage Expansion
More than 40 million commercial lives now have access to EXPAREL, with plans to reach 60 million by year-end, positioning the company to exit the year with nearly 100 million covered lives across both commercial and government payers.
J&J MedTech Partnership for ZILRETTA
A new partnership with Johnson & Johnson MedTech for ZILRETTA is expected to significantly expand reach and patient access, essentially doubling sales calls for ZILRETTA.
Improved Gross Margins
Second quarter non-GAAP gross margin improved to 82% versus 76% last year, benefiting from improved cost and efficiencies.