Pacira Pharmaceuticals Inc (PCRX) is Downgraded by Brean Capital to Hold

Pacira Pharmaceuticals Inc (PCRX) was Downgraded by Brean Capital to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Brean Capital advised their investors in a research report released on Jul 1, 2016.

Many Wall Street Analysts have commented on Pacira Pharmaceuticals Inc. Shares were Reiterated by Wedbush on May 25, 2016 to “Outperform” and Lowered the Price Target to $ 105 from a previous price target of $113 .Shares were Reiterated by Mizuho on May 3, 2016 to “Buy” and Lowered the Price Target to $ 64 from a previous price target of $71 .Mizuho Initiated Pacira Pharmaceuticals Inc on Apr 19, 2016 to “Buy”, Price Target of the shares are set at $79.

On the company’s financial health, Pacira Pharmaceuticals Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.09. The company had revenue of $65.50 million for the quarter, compared to analysts expectations of $66.82 million. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Pacira Pharmaceuticals Inc closed down -0.87 points or -2.24% at $38.01 with 12,27,878 shares getting traded on Wednesday. Post opening the session at $39.02, the shares hit an intraday low of $36.5 and an intraday high of $39.9 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 8, 2016, Lauren Bullaro Riker (Vice President, Finance) sold 938 shares at $47.67 per share price. According to the SEC, on Jun 8, 2016, Laura Brege (director) sold 1,000 shares at $46.95 per share price. On Jun 8, 2016, Kristen Marie Williams (CAO and General Counsel) sold 600 shares at $47.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Pacira Pharmaceuticals Inc. is a specialty pharmaceutical company. The Company is focused on the development commercialization and manufacture of pharmaceutical products based on its DepoFoam drug delivery technology primarily for use in hospitals and ambulatory surgery centers. Its primary focus lies in the development of non-opioid products for postsurgical pain control. DepoFoam is basis for the company’s lead product candidate EXPAREL a liposome injection of bupivacaine an amide-type local anesthetic indicated for infiltration into the surgical site to produce postsurgical analgesia. In addition to EXPAREL DepoFoam is also the basis for its other commercial product DepoCyt(e) which the Company manufactures for its commercial partners as well as its other product candidates. The Company’s other product candidates include DepoMeloxicam and DepoTranexamic Acid.

Pacira Pharmaceuticals Inc

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