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FDA Rejects Pfizer Inc. (PFE) Pain Drug, Partners Pain Therapeutics (PTIE) and DURECT Corporation (DRRX) Plunge


6/24/2011 7:00:45 AM

U.S. regulators rejected Thursday a tamper-resistant painkiller from Pfizer(PFE) and Pain Therapeutics(PTIE), said U.S. Food and Drug Administration spokesperson Shelly Burgess Thursday night. The Pfizer-Pain Therapeutics drug, Remoxy, is a long-acting opioid consisting of the narcotic oxycodone mixed with ingredients aimed at making it resistant to abuse and misuse. Pfizer confirmed Remoxy's rejection in a statement issued Friday morning but would not disclose the reasons for why FDA decided against approval.

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