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Biotech Stocks Facing FDA Decision in April

Pacira Pharma
Pacira Pharma

Pacira Pharmaceuticals Inc.’s (PCRX) supplemental New Drug Application for Exparel as a nerve block for regional analgesia awaits the FDA’s final verdict on April 6, 2018.

Exparel, a liposomal bupivacaine formulation, is a long-acting non-opioid local analgesic, and was approved by the FDA for the management of postsurgical pain in October 2011.

Last month, an FDA panel voted 6-4 against recommending approval of Exparel in the proposed additional use as a nerve block for postoperative analgesia.

In March 2015, the FDA too had turned down Pacira’s request to approve Exparel in the expanded indication.

Will the FDA follow the panel’s recommendations or take a different stance now?

PCRX closed Tuesday’s (Mar.27) trading at $31.40, down 1.26%.