Pain Therapeutics To Present At The Citigroup Healthcare Conference

SOUTH SAN FRANCISCO, Calif., Feb. 22 /PRNewswire-FirstCall/ -- Pain Therapeutics, Inc. , a biopharmaceutical company, today announced that management will present at the Citigroup Global Healthcare Conference in Washington D.C. on Tuesday, February 28th at 2:30 p.m. Eastern Time.

An audio webcast of the live presentation will be open to all on the Pain Therapeutics web site, www.paintrials.com. A replay will also be available after the live event through March 28, 2006.

About Pain Therapeutics, Inc.

Pain Therapeutics is a biopharmaceutical company that develops novel drugs. We have two investigational drug candidates, Remoxy(TM) and Oxytrex(TM) in Phase III clinical programs. Both drugs target different segments of the multi-billion dollar market to treat severe chronic pain, such as persistent low-back pain or pain due to advanced stages of osteoarthritis.

Pain Therapeutics, Inc.

CONTACT: investors, Christi Waarich, Senior Manager of Investor Relationsof Pain Therapeutics, Inc., +1-650-825-3324, or cwaarich@paintrials.com; ormedia, Carney Duntsch of Burns McClellan, +1-212-213-0006, for PainTherapeutics, Inc.

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