Pain Therapeutics Modifies Strategic Alliance With King Pharmaceuticals®, Inc. for REMOXY(R) in Europe

SAN MATEO, Calif., June 28, 2010 (GLOBE NEWSWIRE) -- Pain Therapeutics, Inc. (Nasdaq:PTIE) announced today a modification of its strategic alliance with King Pharmaceuticals, Inc. (NYSE:KG) for REMOXY outside the U.S. The move signals a desire to target Europe's small and growing market for strong pain medications.
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