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Pain Therapeutics Announces Inclusion in Russell 3000 Index.

Business Editors/Health & Medical Writers

SOUTH SAN FRANCISCO, Calif.--(BW HealthWire)--July 10, 2001

Pain Therapeutics, Inc. (Nasdaq:PTIE), a developer of next-generation opioid painkillers, today announced that its common stock has been added to the Russell 3000(R) Index, a leading investment ranking of U.S. stocks compiled by the Frank Russell Company.

The addition of Pain Therapeutics' stock was part of the annual reconstitution of the Russell Indexes. Membership in the Russell 3000(R) Index is determined by market capitalization rankings and style attributes, rather than by subjective opinion or committee decisions. The Russell Indexes are widely used by institutional investors as benchmarks for investment strategies.

"We are delighted to be added to this year's Russell 3000(R) Index," said Remi Barbier, president and chief executive officer of Pain Therapeutics. "This is a small but definitive step in our effort to raise PTI's visibility among institutional investors."

About Pain Therapeutics, Inc.

Pain Therapeutics, Inc. is an emerging leader in the area of pain management. The Company is developing a new generation of proprietary painkillers that addresses the deficiencies of morphine and other opioid painkillers that are widely used in clinical medicine. The Company is currently in Phase II clinical trials with multiple drug candidates. Pain Therapeutics is traded on Nasdaq under the symbol PTIE. For additional information, please visit the Company's website at www.paintrials.com.
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Publication:Business Wire
Date:Jul 10, 2001
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