Doma Perpetual Capital Management has called on shareholders of Pacira BioSciences to support efforts for strategic and operational changes at the pharmaceutical company, arguing the business is undervalued and suffering from weak execution.
In a letter to shareholders, the investment firm criticised Pacira’s recent performance and said management had failed to fully capitalise on the commercial potential of its non-opioid pain treatment portfolio. Doma says the company’s shares have significant...
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