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Morning Market Losers


Pain Therapeutics Inc. (NASDAQ: PTIE) dipped 47.74% to $2.78 after the company CEO revealed a letter from Pfizer (NYSE: PFE) of reassessing its endorsement of the Remoxy program.

DURECT Corporation (NASDAQ: DRRX) fell 41.50% to 0.93 after Durect Corporation announced their update on the Remoxy program.

Institutional Financial Markets, Inc. (NYSE: IFMI) dropped 33.21% to $1.87 after Institutional Financial Markets announced their adoption of the Stock Holder Rights Plan.

StarTek, Inc. (NYSE: SRT) declined 24.83% to $4.45 after StarTek released their first quarterly earnings result for 2013.


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