Pain Therapeutics Reports First Quarter 2018 Financial Results and Provides Corporate Update on REMOXY® ER
PAIN THERAPEUTICS (PTIE)
US:NASDAQ Investor Relations:
investor.paintrials.com/investor-relations
Company Research
Source: GlobeNewswire
– June 26th Advisory Committee Meeting for REMOXY ER – – August 7th PDUFA Target Date for REMOXY ER – AUSTIN, Texas, May 09, 2018 (GLOBE NEWSWIRE) -- Pain Therapeutics, Inc. (Nasdaq:PTIE), a drug development company, today reported financial results for the first quarter ended March 31, 2018. Net loss was $2.2 million, or $0.33 per share. This compared to a net loss of $2.7 million, or $0.42 per share, for the same period in the prior year. Cash and cash equivalents were $10.7 million as of March 31, 2018. “FDA’s acceptance of the NDA filing for REMOXY ER in Q1 2018 is a milestone,” said Remi Barbier, Chairman, President & CEO. “Our focus is now on REMOXY ER’s potential to receive marketing clearance later this year. As part of this focus, we are preparing a strategic and thorough presentation of our key data for an upcoming FDA Advisory Committee Meeting for REMOXY ER, scheduled for June 26th in Washington, DC. We also continue to maintain tight fiscal discipline, and to
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