Remoxy Development Not ‘Unmitigated Disaster,’ CEO Reassures; Hunt Begins For New Partner

Pfizer terminates agreement with Pain Therapeutics after reviewing top-line results of five studies done to address FDA complete response letter; Pain says data supports refiling of NDA for its abuse-deterrent long-acting oxycodone formulation by mid-2015.

Pain Therapeutics Inc. is seeking to assure the market that its oxycodone abuse-resistant extended-release drug Remoxy is still on track for resubmission to FDA despite Pfizer Inc.’s decision to end a development and commercialization agreement for the product.

In an Oct. 27 conference call Pain Therapeutics President and CEO Remi Barbier said that on Friday, Pfizer verbally shared the preliminary top-line results of five clinical studies it conducted...

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