Pain Therapeutics, Inc. (NASDAQ:PTIE)

sounds a good biotech

I'm dabbling in microcaps on CAPS

http://marketplayground.com/2011/03/26/pain-therapeutics-nasdaqptie-shareholders-feeling-no-pain/

Pain Therapeutics, Inc. is a biopharmaceutical company that develops drugs. As of December 31, 2009, the Company had four drug candidates in clinical programs, including REMOXY, PTI-202, PTI-721 and a radio-labeled monoclonal antibody to treat metastatic melanoma. The Company's lead drug candidate is REMOXY, which is a painkiller. It has a collaboration agreement and a license agreement with King Pharmaceuticals, Inc. (King) to develop and commercialize REMOXY and other opioid painkillers. I am not excited about this company. Right now the company is not profitable. One year EPS growth is encouraging at 412.50%. The Return on Equity is a pitiful -3.23. The positive consideration is that there is always interest in effective pain medicines. Stock has been on a steady upward progression over the last year. However, this stock may be overbought, and I expect the stock price will begin to decline in price a bit. I do believe after a short correction this stock will outperform the market.

pipeline and cash

A virtual pharma development company with several shots on goal. Remoxy already partnered with King Pharma. Abuse resistant forms of oxycontin should be a big hit. Great royalty rates. Another pic, Durect provides the drug delivery system for one of their pipeline products. PTIE holds tons of cash too - not going away. Very lean company, they outsource almost everything.

18.8486 at $210.00 or 11.14 per share. Sad. Very sad.

Doctor's would rather let a person in the ER suffer than get then hooked on oxy. An abuse resistant REMOXY is a big seller offering clear advantages over generics. This is a 500M+ product

This stock has an average seasonality of 13% over the mid summer

Purdue sure slipped that one in on King and PTIE. IS the increase in the buy back intended to further shore up the share price after the bomb dropped? The month of May will be interesting, to say the least. Still...................

Quarterly earnings keep improving and they have a non-addicting pain killer in ph III clinical trials.

This could be massive.

Nothing much to add to what has already been noted by other CAPS players.

IN Phase 3 clinicals of Remoxy (an abuse resistant Oxycontin:$2+BLN annual sales) w/results by '07 yrend. Royalty rev's to ensue. $20mln stkbuy back. Mkt Cap of under $400 mln and financially strong with $200 mln cash burning $15 mln/yr. File for patents upon finishing Phase 3 clinicals trumping Purdue. Upon IND submission receive $150 mln milestone.
payment from King Rx in need of pipeline fill! Other compounds as well!

LARGE Short Interest=30 days to cover.

Fundamentals are awesome if they can keep it up. Highly undervalued.

The world pain management market is growing at a brisk pace and any company that is ready with a compound to tap this growing market has all reasons to cheer. Having said that Pain Therapeutics, which develops drugs catering to this segment as well as oncology, has lost its sheen in the recent weeks.

The company had three investigational drug candidates in phase III clinical program as on December 31, 2006 of which two where catering to the pain management segment. The company is also engaged in a strategic alliance with King pharmaceuticals for developing abuse resistant painkillers. The company does not have any product sales and the revenue that it has been generating comes mainly from milestone payment from King pharmaceuticals and interest income.

In March of this year the company made significant progress in its metastatic melanoma division as it received approval from the government of Israel to begin human testing for the new drug in this area. The same month also saw the company licensing a new technology to treat hemophilia, a rare blood disorder.

Nevertheless, the firm was pinning its hopes on the drugs Remoxy and Oxytrex, intended for the pain management segment and which was in phase III clinical trials. The scrip was inching forward in anticipation of the trial results of these two drugs, which was expected by mid 2007. The recent news that these results may not be available until end of the year and also that the company has not started registration on a phase III study for Oxytrex has put a spanner on this and the scrip began to dip.

There is an ambiguity surrounding the Remoxy and Oxytrex development timelines and with the absence of any other sufficient news item the performance of the company scrip is expected to be muted.

Oxytrex or Remoxy take you pick. Enough cash on hand to last several years. Data could be out by fall for Remoxy and shortly thereafter for Oxytrex. Best play is the JAN09 calls. Gives you a year and a half to wait it out

Following jim cramer (today or yesterday)

Two products in phase 3 clinical trials for pain which is a very large market. Both of these products are variations on currently marketed painkillers so there is a high probability that the trials will be successful (one is an abuse-resistant variation, the other is addiction-resistant). Also, they have lots of cash.