Pacira Biosciences Inc. acquires Flexion Therapeutics Inc. and with it, Zilretta, a treatment for OA knee pain
The CVR is payable (subject to certain terms and conditions) in the event certain sales and/or regulatory milestones are achieved. The transaction was unanimously approved by the board of directors of each of Pacira and Flexion. Flexion is a commercial-stage biopharmaceutical company focused on the development and commercialization of novel, local non-opioid therapies for the treatment of patients with musculoskeletal conditions, including osteoarthritis (OA), postsurgical pain and low back pain. Approved in 2017, Flexion’s lead product, Zilretta (triamcinolone acetonide extended-release injectable suspension) is the first and only FDA-approved treatment for OA knee pain utilizing extended-release microsphere technology.
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