Pain Therapeutics Expands Pipeline With FENROCK(TM), an Abuse-Deterrent Pain Patch

Pain Therapeutics, Inc.

, a drug development company, today announced it has expanded its pipeline with the addition of FENROCK, an early-stage drug candidate. FENROCK is a transdermal (skin) patch that contains fentanyl, a strong opioid drug typically used to manage severe cancer pain. Fentanyl is also abused for its intense euphoric effects, and overdose can be fatal. FENROCK is specifically designed to prevent recreational abuse of fentanyl. The U.S. market for currently marketed fentanyl patches is believed to be around $900 million. "We continue to believe our lead drug candidate, REMOXY, is on-track for an NDA re-filing in mid-2015 by Pfizer," said Remi Barbier, Chairman, President & CEO of Pain Therapeutics. "FENROCK expands our pipeline and is consistent with our strategy to eventually develop drugs in four major categories of pain management: mild, moderate, moderate-severe and severe pain. There is no change to our financial guidance for 2014, as FENROCK's development costs are already reflected in our projected cash use of about $12 million in 2014." Pain Therapeutics will discuss FENROCK at the 2014 BioCentury NewsMakers in the Biotech Industry Conference being held today, Friday, September 26th, at 9:30 a.m. Eastern Time at the Millennium Broadway Hotel Conference Center in New York City. Those interested in listening to the presentation live via the internet may do so by visiting the Company's website at www.paintrials.com. A replay of the presentation will be available on the website for approximately two weeks following the presentation.