Morning Market Losers

Pain Therapeutics Inc. PTIE dipped 47.74% to $2.78 after the company CEO revealed a letter from Pfizer PFE of reassessing its endorsement of the Remoxy program. DURECT Corporation DRRX fell 41.50% to 0.93 after Durect Corporation announced their update on the Remoxy program. Institutional Financial Markets, Inc. IFMI dropped 33.21% to $1.87 after Institutional Financial Markets announced their adoption of the Stock Holder Rights Plan. StarTek, Inc. SRT declined 24.83% to $4.45 after StarTek released their first quarterly earnings result for 2013.