Pacira invests in biopharmaceutical company

Biologics

Pacira Biosciences invested $3 million in Spine BioPharma.

The investment was in the form of a convertible note, according to an April 20 news release. It will support the development of Remedisc, a therapeutic for the treatment of degenerative disc disease.

Pacira plans to make an additional $7 million investment based on future milestones. The investment follows Spine BioPharma's recent series A financing round.

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