The CRL is a huge setback for the company as it is highly dependent on Remoxy for growth and has no approved product in its portfolio. A positive response from the agency would have enabled the company to launch its first drug.
Zacks Rank & Key PicksPain Therapeutics currently carries a Zacks Rank #2 (Buy). Some other favorably placed stocks in health care sector include Anika Therapeutics Inc (NASDAQ:ANIK) , ANI Pharmaceuticals, Inc. (NASDAQ:ANIP) and Abbott Laboratories (NYSE:ABT) . All the three stocks sport a a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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ABBOTT LABS (ABT): Free Stock Analysis Report
ANIKA THERAPEUT (ANIK): Free Stock Analysis Report
PAIN THERAPEUT (PTIE): Free Stock Analysis Report
ANI PHARMACEUT (ANIP): Free Stock Analysis Report
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