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Pain Therapeutics, Inc. is a biopharmaceutical company that develops novel drugs. Its lead drug candidate, REMOXY, is a strong painkiller with a unique formulation designed to reduce potential risks of unintended use. It is also developing novel drugs in the area of hematology/oncology. It has in clinical development a monoclonal antibody to treat metastatic melanoma, a deadly form of skin cancer. It also has in pre-clinical development a drug candidate to treat hemophilia.