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Viatris launches $1.65bn Pacira tender, but 11-cent share-price gap limits potential upside

Viatris has formally launched its $36.50-per-share tender offer for Pacira BioSciences, advancing a $1.65 billion acquisition intended to strengthen its non-opioid pain management business. Newly disclosed negotiations show the offer increased from $31 per share, while the buyer's projected savings, Pacira's patent exposure and a November 16 tender deadline shape the remaining investment considerations.