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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.360-1.4%11:52 AM EDT

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From: richardred9/24/2012 10:47:18 AM
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New risky buy today. PTIE-Pain Therapeutics. IMO a lot of the wind has already been taken out of its sails for an earlier non FDA approval. Based on the hopes Pfizer can get FDA approval of REMOXY within 6 months.

I owned this one before and sold after the deal with King Pharmaceuticals lifted the stock. Pfizer bought King and the those rights. IMO the pain market with a harder to abuse pain killer is something the FDA can only ignore for so long. Purdue Frederick Company's market share is there for the taking if approved.
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