DURECT Corporation (Nasdaq: DRRX [FREE Stock Trend Analysis]) reported today that Pfizer Inc. (NYSE: PFE) announced today that it has notified Pain Therapeutics, Inc. (Nasdaq: PTIE) that Pfizer has decided to discontinue its agreement to develop and commercialize REMOXY® (oxycodone) Extended-Release Capsules CII, an investigational extended-release oral formulation of oxycodone. Pfizer will return all rights, including responsibility for regulatory activities, to Pain Therapeutics. As a result, Pain Therapeutics has the rights to develop and commercialize REMOXY on its own or with an alternative licensee. Pain Therapeutics had the rights to develop and commercialize this product candidate under a license from DURECT.
"We are surprised by Pfizer's decision given the late stage of this program, and continue to believe that REMOXY could play an important role in serving the needs of chronic pain patients while potentially reducing the misuse and abuse of oxycodone," stated James Brown, President and CEO of DURECT. "With respect to POSIDUR, we had a face-to-face meeting with the FDA on September 23 to discuss what needs to be done to address the issues cited in the Complete Response Letter, and we are currently awaiting feedback from the FDA regarding our questions posed at the meeting."
Cousin, you can't get leftist progressive politicians to admit they love Obama today.
"Don't let anybody tell you, you know, it's corporations and businesses that create jobs..., you know that OLD THEORY, TRICLE DOWN ECONOMICS, that has been tried, that has failed."
"Don't let anyone tell you the corporations and businesses create jobs"
She and her handlers defended the statement for several days, now they/she are wanting to walk it back a bit.
Do you really want to do the progressive thing for 10 more years? (2more Obama +8 Clinton)
Doesn't that sound very close to Obama's " You didn't build that"?
You do know that Bill Clinton signed NAFTA , and adopted most of the republican agenda after he and his party got their butts kicked in the first mid-term, don't you?
And if you think raising the min wage does not cause a loss of jobs, then you are ignoring the facts.
Have you ever been responsible for making a payroll? I think not.
Your favorite brands go out of the country to access lower wages, but you still purchase their products.
And no one works for $5 per hour in this country, so get your facts right. Most entry level workers get paid above the min wage in most companies. Even at fast food businesses. Most employers want to pay employees based on performance, high min wage laws make that more difficult, and make keeping people employed in seasonally slow times more difficult. Not all businesses can support the same wage structure. What may be an untenable wage to one person may be a blessing to another, for a time at least. Low level, entry jobs are a greatly needed engine starter for a healthy workforce. Take a look at unemployment in countries that don't understand that basic fact. Higher wages come with a growing economy, as finding good labor becomes more competitive. Take market forces out of the equation, and you destroy what works.
How much are you willing to pay for basic unskilled and skilled services? Are you going to keep spending to support a $15 min wage when you can't afford those services and fast food anymore. That is a question for all who think wages should be higher for unskilled beginner workers. Do you really think you help the individual worker by giving higher wages without skills development?
So you have nothing.
Exactly! You nailed facts2jacks.
How can anyone not understand this basic concept?
She (Hillary) is a bit off these days. Not quite as tactful as when she was in the pink dress telling lies about her activities at at Rose law firm. Files, hard drives, and disaster recovery back-up systems just seem to have a way of disappearing in Dem controlled White Houses.
He is using similar thinking with Ebola and the Keystone pipeline. It's all ideology and politics with him, and that, to him, is more important than doing the right thing for the American people.
What else could it be Nick? We have not seen this for four months, and we are soon to have at least some release of ReAct results. So what else could it be? Gemba?
Fug, do you care to share the clues you see as evidence? Or did you do that in a previous post?
I admit she has acted strangely, but I don't know that I see what you see. I just hope she does not get taken at a ridiculously low price.
Stimpy, You Eediot!!!!
They are not supposed to have earnings at this stage.