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

Pacira Biosciences Inc NASDAQ:PCRX:

• 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