Viatris boosts pain drug portfolio with $1.7B buyout of Pacira
Viatris is buying Pacira BioSciences for $1.65 billion, paying $36.50 per share in cash, a 45% premium, to gain the non-opioid pain drugs Exparel and Zilretta for post-surgical and osteoarthritis knee pain. Pacira's two main products booked $692 million in sales in 2025, up about 4% from 2024. The deal is expected to close by the end of 2026, with generics for Exparel likely from early 2030 and Zilretta patents expiring in 2031.
Why it matters: Large-cap pharma M&A in pain therapeutics, with near-term patent cliffs on the acquired products.