Pfizer commits to developing Pain Therapeutics' painkiller

(Reuters) - Pfizer Inc said it has decided to develop the abuse-resistant painkiller made by its partner Pain Therapeutics Inc, six months after the pharmaceutical giant's comments raised fears it would drop the drug. Pain Therapeutics shares jumped as much as 30 percent in early trading on the Nasdaq. The drug, Remoxy, has been rejected twice by the U.S. Food and Drug Administration due to concerns about its manufacturing process and chemical composition. ...



via Health News Headlines - Yahoo! News http://news.yahoo.com/pfizer-commits-developing-pain-therapeutics-painkiller-145442828--sector.html