Welcome to our dedicated page for DURECT news (Ticker: DRRX), a resource for investors and traders seeking the latest updates and insights on DURECT stock.
DURECT Corporation (DRRX) is a biopharmaceutical innovator advancing epigenetic treatments and drug delivery systems for complex conditions. This page provides investors and industry professionals with timely updates on clinical trials, regulatory milestones, and strategic developments.
Discover comprehensive coverage of DURECT's pipeline progress, including therapies targeting alcohol-associated hepatitis and pain management. Our curated news collection offers insights into FDA designations, partnership announcements, and research breakthroughs while maintaining strict editorial neutrality.
Key updates include late-stage clinical trial results, intellectual property developments, and analyses of therapeutic mechanisms. Bookmark this resource for streamlined access to verified information about DURECT's epigenetic modulation technologies and commercial strategies.
DURECT Corporation (Nasdaq: DRRX) reported Q4 2020 financial results, revealing total revenues of $2.2 million and net income of $4.4 million, compared to revenues of $9.0 million and a net loss of $4.2 million during Q4 2019. The company initiated the Phase 2b AHFIRM trial for DUR-928 in severe alcohol-associated hepatitis and received FDA Fast Track Designation. Notably, DURECT raised $47.8 million in equity and sold its LACTEL product line to Evonik for $15 million, enhancing its financial position. However, full-year revenues reached $30.1 million, slightly above the prior year's $25.1 million.
DURECT Corporation (Nasdaq: DRRX) announced its participation in three virtual investor conferences in March 2021. The events include:
- H.C. Wainwright Life Sciences Conference: Presentation on March 9, available on demand from 7:00 am (EST).
- ROTH Conference: Presentation on March 5, available on demand from 5:00 pm (EST).
- Oppenheimer & Co. Healthcare Conference: Presentation on March 17 at 11:20 am (EST).
Webcasts will be accessible via DURECT's website, where replays will also be available.
DURECT Corporation (Nasdaq: DRRX) will announce its fourth quarter and full year 2020 financial results on March 4, 2021, at 4:30 PM ET. The company will host a conference call following the announcement. DURECT is focused on innovative therapies to treat acute organ injury and chronic liver diseases, with lead drug candidate DUR-928 in clinical trials for alcohol-associated hepatitis and other conditions. POSIMIR, another product, is FDA-approved for non-opioid pain management. The firm emphasizes ongoing developments in light of economic uncertainties.
DURECT Corporation (Nasdaq: DRRX) announced the pricing of its public offering of 17,708,333 shares, aiming for gross proceeds of approximately $42.5 million. The offering, expected to close on February 8, 2021, includes a 30-day option for the underwriter to purchase an additional 2,656,249 shares. DURECT intends to utilize the proceeds for general corporate purposes, including clinical trials and research. The offering is structured under Form S-3, previously filed with the SEC. As of February 3, 2021, shares were priced at $2.87.
DURECT Corporation (Nasdaq: DRRX) announced an underwritten public offering of its common stock on February 3, 2021. The shares will be sold by DURECT, with the underwriter, Cantor Fitzgerald, obtaining a 30-day option to purchase an additional 15% of shares. This offering follows a "shelf" registration statement previously filed with the SEC. DURECT aims to advance its therapies for acute organ injury and chronic liver diseases, including its lead drug candidate, DUR-928, which is in clinical development for several indications.
DURECT Corporation (Nasdaq: DRRX) announced FDA approval for POSIMIR® (bupivacaine solution) to manage post-surgical pain in adults for up to 72 hours after arthroscopic subacromial decompression. The approval is based on a clinical trial showing a 20% reduction in pain intensity and a 67% decrease in opioid use compared to placebo. POSIMIR utilizes the innovative SABER® platform for sustained delivery, containing more bupivacaine than any other approved product. DURECT is seeking commercialization partners for POSIMIR, which holds potential to reduce opioid reliance.
DURECT Corporation (Nasdaq: DRRX) has initiated dosing in its Phase 2b AHFIRM study to evaluate DUR-928 in patients with severe alcohol-associated hepatitis (AH). This study aims to assess safety and efficacy compared to placebo and standard care, targeting 300 patients across multiple centers. Notably, DUR-928 showed promising results in a previous Phase 2a trial, where all 19 patients survived 28 days. The AHFIRM trial may support an NDA filing if a significant survival benefit is demonstrated.
DURECT Corporation (Nasdaq: DRRX) has appointed Gail J. Maderis and Mohammad Azab to its board of directors, enhancing its board with industry veterans. Maderis brings extensive drug development experience, while Azab specializes in oncology. CEO James E. Brown highlighted their expertise as critical in advancing the clinical pipeline, particularly in the Phase 2b AHFIRM study of the lead candidate DUR-928 for alcohol-associated hepatitis. The company is focused on addressing significant unmet medical needs with DUR-928 and other potential therapies.
DURECT Corporation (Nasdaq: DRRX) announced the successful sale of its LACTEL product line to Evonik, with a total payment of $15 million received on December 31, 2020. This transaction marks a significant step in DURECT's strategic efforts to focus on its core biopharmaceutical operations. The company is advancing therapies targeting acute organ injuries and chronic liver diseases, notably through its lead candidate DUR-928, which is in clinical stages for various indications, including alcohol-associated hepatitis and COVID-19-related organ injuries.
DURECT Corporation (Nasdaq: DRRX) will participate in the H.C. Wainwright BioConnect 2021 Conference (January 11-14) and the LifeSci Advisors Corporate Access Event (January 6-8 and 11-14). Management will provide an on-demand corporate update starting January 11 at 6:00 am EST. Investors can register for virtual 1-on-1 meetings during both events. DURECT focuses on innovative therapies for acute organ injuries and chronic liver diseases, with DUR-928 in clinical development for alcohol-associated hepatitis and COVID-19-related injuries.
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