Risk Factors Update Summary
- The company transitioned to a new CEO, Frank D. Lee, effective January 2024.
- Sales of EXPAREL decreased from accounting for 81% to 80% of total revenue.
- Added "droughts" to climate risks. This increases exposure to weather-related risks.
- Implementation of the NOPAIN Act in 2025 will provide Medicare coverage for EXPAREL.
- Mentioned "the Israel-Hamas war" as a geopolitical risk. This adds political instability concerns.
- Expanded international risks to include "economic instability." This broadens exposure to economic uncertainties.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1396814&owner=exclude
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