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What: Shares of drug developer Pain Therapeutics
So what: At this point, all Pain Therapeutics shareholders know is that the Food and Drug Administration didn't approve its Remoxy drug. The company was working with Pfizer
Now what: Without details, it's tough to say exactly how bad this news is for Pain Therapeutics, though this isn't the first time that Remoxy has been dinged. Back in 2008, the FDA pushed back approval when it asked for more lab data. This could, however, be good news for Acura Pharmaceuticals
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