Pain Therapeutics (NASDAQ: PTIE) today reported results for the third quarter of 2016, posting a net loss of $3.5 million, or $0.08 per share, compared to a net loss of $3.7 million, or $0.08 per share, in the comparable quarter of the year prior. At September 30, 2016, Pain Therapeutics reports cash and investments of $21.8 million, compared to $24.6 million at June 30, 2016. The company is debt-free.
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About Pain Therapeutics, Inc.
We develop proprietary drugs that offer significant improvements to patients and physicians. Our expertise consists of developing new drugs and guiding these through various regulatory and development pathways in preparation for their eventual commercialization. We generally focus our drug development efforts around disorders of the nervous system, such as chronic pain. The FDA has not yet established the safety or efficacy of our drug candidates. For more information, visit www.paintrials.com
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