Pain's Remoxy Skips Over Panel On Rocky Road To Market

The FDA's decision not to hold an advisory committee meeting for Pain Therapeutics Inc.'s twice-before rejected Remoxy looks to bode well for the abuse-deterrent, extended-release oxycodone product – or at least, investors thought so.

Investors, for the most part, took it as a good sign the FDA told Pain Therapeutics Inc. its new drug application (NDA) for its abuse-deterrent, extended-release formulation of oral oxycodone, Remoxy, could skip being scrutinized for a second time by an advisory committee – telling the company there was no need for regulators to convene the tentatively planned Aug. 5 meeting.

Shares of Pain climbed just over 9% on July 1, although closing down about 2 cents at $2.17. The firm's...

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