PPR - PCRX pocket
PCRX is having a pocket pivot in today's trade after a strong earnings report where it came in at -27c vs -43c consensus. Note, this stock carries higher risk because it is a small cap and has no earnings, and in this environment, you want to be involved in better capitalized stocks. However, biotechs can be exempted in certain cases.
Thus, we are reporting on this stock because it is an interesting bio-tech that institutions have been accumulated as institutional sponsorship has climbed every quarter over the last 6 quarters.
Its non-opiate and thus less addictive drug Exparel reduces or eliminates need for opiates to control post-surgical pain. Opiates such as Vicodin or Percacet can be addictive, and a non-opiate alternative for pain management in Exparel may give the company some traction in this space. The question will be how well they can market Exparel since opiates such as Vicodin are household words, and many huge opiate manufacturers out there will seek to compete with Exparel. PCRX might be a slow grower that keeps on growing as public awareness grows.
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