BRIEF-Pacira Biosciences Announces Agreement To Divest Its Iovera° Business To Zimmer Biomet

Zimmer Biomet Holdings, Inc.
Pacira Biosciences, Inc.

Zimmer Biomet Holdings, Inc.

ZBH

0.00

Pacira Biosciences, Inc.

PCRX

0.00

June 30 (Reuters) - Pacira Biosciences Inc PCRX.O:

  • PACIRA BIOSCIENCES ANNOUNCES AGREEMENT TO DIVEST ITS IOVERA° BUSINESS TO ZIMMER BIOMET

  • PACIRA BIOSCIENCES - TO RECEIVE UP TO $140 MILLION FOR IOVERA° DIVESTITURE

  • PACIRA BIOSCIENCES - CO ELIGIBLE FOR POTENTIAL MILESTONE PAYMENTS UP TO $70 MILLION THROUGH DEC 31, 2031

  • PACIRA BIOSCIENCES - TO USE UPFRONT PROCEEDS TO PAY DOWN SENIOR SECURED REVOLVING CREDIT FACILITY

Source text: ID:nGNXb6FBRQ

Further company coverage: PCRX.O


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.