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Pain Therapeutics, Inc. (NASDAQ:PTIE) has been downgraded to Strong Sell in a statement by ValuEngine earlier today.

ValuEngine has downgraded Pain Therapeutics, Inc. (NASDAQ:PTIE) to Strong Sell in a statement released on 06/02/2017.

Having a price of $3.61, Pain Therapeutics, Inc. (NASDAQ:PTIE) traded -5.54% lower on the day. With the last close down -7.58% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Pain Therapeutics, Inc. has recorded a 50-day average of $3.97 and a two hundred day average of $4.15. Volume of trade was up over the average, with 49,331 shares of PTIE changing hands over the typical 40,232

Performance Chart

Pain Therapeutics, Inc. (NASDAQ:PTIE)

With a total market value of $0, Pain Therapeutics, Inc. has with a one year low of $3.10 and a one year high of $9.31 .

More About Pain Therapeutics, Inc. (NASDAQ:PTIE)

Pain Therapeutics, Inc. is a biopharmaceutical company. The Company is focused on drug development efforts on disorders of the nervous system, such as chronic pain. The Company's lead drug candidate, REMOXY, is an abuse-deterrent, oral formulation of oxycodone (CII). The Company's other products is FENROCK. REMOXY is a painkiller with a formulation designed to reduce potential risks of unintended use. The Company has developed REMOXY to make oxycodone difficult to abuse yet provide approximately 12 hours of steady pain relief when used by patients. REMOXY is intended to meet the needs of healthcare prescribing opioid drugs and seeking to minimize the risks of drug diversion, abuse or accidental patient misuse. The Company's drug candidate FENROCK is an abuse-deterrent transdermal pain patch in the pre-Investigational new drug-stage of development. FENROCK is designed to provide pain relief over 72 hours.

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