JPMorgan analyst Hardik Parikh assumed coverage of Pacira BioSciences with an Overweight rating and price target of $45, down from $80. Pacira is a pharmaceutical company that produces and sells non-opioid pain medications, the analyst tells investors in a research note. The firm says the company is set up well for growth starting in 2025, driven by several catalysts including regulatory, new indications, and manufacturing, that seem to be underappreciated by the Street.
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