Pain Therapeutics Inc

MondayMorning, Dec 15, 2008

> Pain Therapeutics Inc. (Nasdaq) fell $1.96, or 24%, to $6.38 and King Pharmaceuticals Inc. (NYSE) slid 21 cents, or 2%, to $9.45 after FDA staff said they needed more data before approving Remoxy, one of the first painkillers designed to prevent abuse. The FDA "believes additional non-clinical data will be required to support the approval" of their experimental painkiller, the companies said in a statement.

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