Pain Therapeutics owns worldwide commercial rights to PTI-125 and related technology.About Pain Therapeutics, Inc. Pain Therapeutics, Inc. is a clinical-stage biopharmaceutical company that develops novel drugs. The FDA has not yet established the safety or efficacy of any of our drug candidates. For more information, please visit www.paintrials.com. Note Regarding Forward-Looking Statements : This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). Pain Therapeutics disclaims any intent or obligation to update these forward-looking statements, and claims the protection of the Safe Harbor for forward-looking statements contained in the Act. Examples of such statements include, but are not limited to, statements regarding the safety or effectiveness of PTI-125 and the Company's plan to initiate a clinical study with PTI-125. Such statements are based on management's current expectations, but actual results may differ materially due to various factors. Such statements involve risks and uncertainties, including, but not limited to, those risks and uncertainties relating to our ability to predict the actual effects of PTI-125 on people before it is studied in humans; our ability to demonstrate the safety, efficacy or potential health benefits of PTI-125 in humans; unexpected adverse side effect; and our ability to determine which patient, or subpopulation of patients, may benefit from treatment. For further information regarding these and other risks related to our business, investors should consult our filings with the U.S. Securities and Exchange Commission.
For More Information Contact:Ruth ArayaPain Therapeutics, Inc.IR@paintrials.com(512) 501-2485