<SEC-DOCUMENT>0001171843-13-004134.txt : 20131023
<SEC-HEADER>0001171843-13-004134.hdr.sgml : 20131023
<ACCEPTANCE-DATETIME>20131023165505
ACCESSION NUMBER:		0001171843-13-004134
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20131021
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20131023
DATE AS OF CHANGE:		20131023

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAIN THERAPEUTICS INC
		CENTRAL INDEX KEY:			0001069530
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				911911336
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29959
		FILM NUMBER:		131166176

	BUSINESS ADDRESS:	
		STREET 1:		7801 N CAPITAL OF TEXAS HIGHWAY
		STREET 2:		SUITE 260
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78731
		BUSINESS PHONE:		512-501-2444

	MAIL ADDRESS:	
		STREET 1:		7801 N CAPITAL OF TEXAS HIGHWAY
		STREET 2:		SUITE 260
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78731
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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<FILENAME>f8k_102313.htm
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">UNITED STATES</font></div>

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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">FORM 8-K</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CURRENT REPORT</font></div>

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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">PAIN THERAPEUTICS, INC.</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 1.01&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Entry in a Material Definitive Agreement.</font></div>
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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On October 22, 2013, Pfizer Inc. (&#8220;Pfizer&#8221;) announced that it was continuing the development program with respect to REMOXY&#174; (oxycodone) Extended-Release Capsules CII (&#8220;REMOXY&#8221;). REMOXY is a drug candidate being developed by Pfizer pursuant to the terms of a License Agreement (the &#8220;LA&#8221;) and a Collaboration Agreement (the &#8220;CA&#8221;), each originally entered into on November 9, 2005 by and between the Pain Therapeutics, Inc. (the &#8220;Company&#8221;) and Pfizer, as successor in interest to King Pharmaceuticals, Inc.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On October 21, 2013, the Company and Pfizer entered into an amendment (the &#8220;Amendment&#8221;) to the LA and CA. Pursuant to the terms of the Amendment, Pfizer terminated all its rights and obligations with respect to three of the drug candidates being developed under the CA and LA, hydrocodone, oxymorphone and hydromorphone (the &#8220;Reverting Drug Candidates&#8221;), with such drug candidates reverting to the Company without any royalty or other obligations to Pfizer. The terms of the Amendment further provide that the Company is not restricted under the terms of the CA from developing or marketing the Reverting Drug Candidates, and Pfizer is not required to, and the Company will not, designate replacement drug candidates for development under the CA in lieu of the Reverting Drug Candidates. After the effectiveness of the Amendment, only REMOXY remains subject to the terms of the CA and LA, and Pfizer shall have no further obligation to reimburse the Company for any development expenses for the Reverting Drug Candidates.&#160;&#160;Pfizer&#8217;s financial obligations to the Company with respect to REMOXY were not changed by this amendment.</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNATURES</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">/s/ Peter S. Roddy</font></div>
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