Pain Therapeutics (PTIE) Tops Q3 EPS by 1c

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Go back to Pain Therapeutics (PTIE) Tops Q3 EPS by 1c

Pain Therapeutics Reports Q3 2016 Financial Results

October 20, 2016 9:00 AM EDT

AUSTIN, Texas, Oct. 20, 2016 (GLOBE NEWSWIRE) -- Pain Therapeutics, Inc. (Nasdaq: PTIE) today reported financial results for the third quarter of 2016.  Net loss in Q3 2016 was $3.5 million, or $0.08 per share, compared to a net loss in Q3 2015 of $3.7 million, or $0.08 per share.

At September 30, 2016, cash and investments were $21.8 million, compared to $24.6 million at June 30, 2016.  The Company has no debt.

"We continue to evaluate the comments recently raised by the FDA with regards to REMOXY," said Remi Barbier, President and Chief Executive Officer. "We are encouraged by... More