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Example of systematic or firm specific risk

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Reference no: EM132648265

Pacira Pharmaceuticals Inc (PCRX) shares dropped 16.6 percent to $30.10 after the company issued a statement regarding the FDA panel for EXPAREL. The FDA panel did not reach a unanimous decision on efficacy and safety for Pacira's pain drug Exparel.

Is this an example of systematic or firm specific risk?

Reference no: EM132648265

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