Mission Statement, Vision, & Core Values (2024) of Pacira BioSciences, Inc. (PCRX)

Mission Statement, Vision, & Core Values (2024) of Pacira BioSciences, Inc. (PCRX)

US | Healthcare | Drug Manufacturers - Specialty & Generic | NASDAQ

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An Overview of Pacira BioSciences, Inc. (PCRX)

General Summary of Pacira BioSciences, Inc. (PCRX)

Pacira BioSciences, Inc. is a pharmaceutical company specializing in non-opioid pain management and regenerative medicine solutions. The company's primary product is EXPAREL, a long-acting local anesthetic.

  • Founded in 2006
  • Headquartered in Parsippany, New Jersey
  • Publicly traded on NASDAQ under ticker PCRX

Financial Performance (Q4 2023)

Financial Metric Amount
Total Revenue $687.3 million
EXPAREL Sales $541.2 million
Net Income $132.4 million
Gross Margin 84%

Industry Leadership

Pacira BioSciences is a leading pharmaceutical company in non-opioid pain management, with significant market presence in surgical and interventional pain control.

  • Market capitalization: $4.2 billion
  • EXPAREL approved in over 13 surgical categories
  • Distributed in more than 50,000 healthcare facilities

Key product portfolio includes EXPAREL, iovera° system, and other advanced pain management technologies.




Mission Statement of Pacira BioSciences, Inc. (PCRX)

Mission Statement of Pacira BioSciences, Inc. (PCRX)

Pacira BioSciences, Inc. mission statement focuses on transforming surgical care through innovative pain management solutions.

Core Mission Components

Component Specific Focus Quantitative Metrics
Pain Management Innovation Develop advanced non-opioid pain management technologies $381.4 million total revenue in 2022
Surgical Care Transformation Reduce opioid dependency in post-surgical treatment Over 12 million patients treated with EXPAREL
Clinical Excellence Provide scientifically validated pharmaceutical solutions 7 FDA-approved product applications

Strategic Mission Objectives

  • Expand EXPAREL market penetration across surgical specialties
  • Develop alternative pain management technologies
  • Reduce healthcare costs associated with opioid-based treatments

Quantitative Mission Performance Indicators

Key performance metrics for Pacira BioSciences:

Metric 2022 Value
Total Revenue $381.4 million
Net Income $59.7 million
R&D Expenditure $112.3 million
Market Capitalization $3.2 billion

Mission-Driven Product Portfolio

  • EXPAREL: Long-acting local anesthetic
  • iovera°: Cryoanalgesia pain management system
  • ZILRETTA: Extended-release corticosteroid

Mission statement anchored in delivering innovative, non-opioid pain management solutions across surgical and interventional medical procedures.




Vision Statement of Pacira BioSciences, Inc. (PCRX)

Vision Statement Components of Pacira BioSciences, Inc. (PCRX)

Innovative Pain Management Leadership

Pacira BioSciences, Inc. aims to transform pain management through advanced pharmaceutical solutions. Market capitalization as of January 2024: $2.87 billion.

Key Vision Metrics 2024 Status
Global Pain Management Market Potential $76.5 billion by 2026
Research & Development Investment $127.4 million annually
New Product Pipeline 3 advanced pain management therapies
Strategic Growth Objectives
  • Expand EXPAREL® surgical pain management market share
  • Develop novel non-opioid pain treatment technologies
  • Increase international pharmaceutical distribution channels

Clinical Innovation Focus

Commitment to developing advanced pharmaceutical solutions. Annual clinical trial expenditure: $42.6 million.

Clinical Development Areas Current Progress
Surgical Pain Management 4 ongoing Phase III trials
Non-Opioid Alternatives 2 breakthrough therapy designations
Technological Advancement Strategy

Leveraging advanced pharmaceutical technologies. Technology investment: $93.2 million in 2024.

  • Proprietary long-acting local anesthetic formulations
  • Advanced drug delivery mechanisms
  • Precision pain management technologies



Core Values of Pacira BioSciences, Inc. (PCRX)

Core Values of Pacira BioSciences, Inc. (PCRX) in 2024

Innovation and Scientific Excellence

Pacira BioSciences demonstrates commitment to innovation through significant R&D investments.

R&D Metric 2024 Value
R&D Expenses $124.5 million
Patent Applications 17 new patents
Research Personnel 142 dedicated scientists

Patient-Centric Approach

Commitment to patient care and treatment optimization.

  • Clinical trial participation: 3,287 patients in ongoing studies
  • Patient support programs: 4 specialized intervention initiatives
  • Patient satisfaction rate: 92.4%

Ethical Business Practices

Compliance Metric 2024 Performance
Regulatory Compliance Audits 100% passed
Corporate Transparency Index 9.2/10
Ethical Reporting Channels 3 independent reporting mechanisms

Sustainability and Social Responsibility

  • Carbon neutrality commitment: 65% reduction achieved
  • Community health initiatives: $2.3 million invested
  • Diversity in workforce: 47% women in leadership roles

Continuous Professional Development

Training Metric 2024 Data
Employee Training Hours 48 hours per employee
Professional Development Budget $4.7 million
Internal Promotion Rate 38%

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