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This is the expense the company spent on research and development. Pain Therapeutics Inc's research and development for the three months ended in Dec. 2014 was $1.11 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2014 was $7.31 Mil.
This is the expense the company spent on research and development.
Pain Therapeutics Inc Research & Development for the trailing twelve months (TTM) ended in Dec. 2014 was 2.147 (Mar. 2014 ) + 1.935 (Jun. 2014 ) + 2.116 (Sep. 2014 ) + 1.108 (Dec. 2014 ) = $7.31 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
Pain Therapeutics Inc Annual Data
|Research & Development||32.94||46.80||47.73||45.82||21.06||15.75||8.30||7.61||4.92||7.31|
Pain Therapeutics Inc Quarterly Data
|Research & Development||2.38||2.10||1.18||1.14||1.44||1.15||2.15||1.94||2.12||1.11|