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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. 2015 was $3.62 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2015 was $9.10 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. 2015 was 1.138 (Mar. 2015 ) + 1.986 (Jun. 2015 ) + 2.356 (Sep. 2015 ) + 3.62 (Dec. 2015 ) = $9.10 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||46.80||47.73||45.82||21.06||15.75||8.30||7.61||4.92||7.31||9.10|
Pain Therapeutics Inc Quarterly Data
|Research & Development||1.44||1.15||2.15||1.94||2.12||1.11||1.14||1.99||2.36||3.62|