What exchange is PTI stock traded on and what is the stock symbol?
Pain Therapeutics, Inc. is traded on the Nasdaq exchange under the symbol PTIE.
Where is PTI located?
2211 Bridgepointe Parkway, Suite 500
San Mateo, CA 94404
650-624-8200 - phone
650-624-8222 – fax
Please visit the Contact portion of this website for driving directions.
Who is PTI's Transfer Agent?
Mellon Investor Services LLC
480 Washington Boulevard
Jersey City, NJ 07310
800-356-2017 www.melloninvestor.com
When are PTI's fiscal quarter and year end dates and the corresponding earnings and release dates?
Pain Therapeutics operates on a fiscal year ending December 31. Our quarterly reporting periods end on March 31, June 30, September 30 and December 31.
What is the status of PTI's pipeline?
In December 2007, we announced that Remoxy met the primary endpoint (p<0.01) of a pivotal Phase III study in over 400 patients with osteoarthritis; as a result, we plan to file an NDA for Remoxy in Q2 2008. We also have other drug candidates in clinical programs, including a novel radio-labeled monoclonal antibody to treat metastatic melanoma, PTI-202 and Oxytrex. In addition, we are working on a new treatment for patients with hemophilia.
How much cash does PTI have and what is the Company's estimated cash requirement?
At March 31, 2008 Pain Therapeutics' cash, cash equivalents and marketable securities were approximately $190.1 million. Pain Therapeutics anticipates being cash flow positive in 2008, before using cash for our stock buyback plan. The Company anticipates spending up to $15.0 million developing biopharmaceutical products for metastatic melanoma, hemophilia and other important disease areas in 2008.
How much of PTI's activities are outsourced?
Pain Therapeutics continues to outsource preclinical studies, clinical trials, product formulation and manufacturing. We believe outsourcing permits significant time savings and allows for more efficient deployment of our resources.
Does PTI handle any drugs in its facility?
No! Opioid drugs, such as oxycodone, are highly controlled substances and are subject to extremely tight security measures. We are not authorized by the DEA or the FDA to handle drugs on-site. PTI does not ship, receive, store, manufacture, test, analyze or handle any opioid painkillers or other controlled substance in its San Mateo location.
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