[25-NSE] Durect Corp SEC Filing

DURECT Corp (DRRX) filed a Form 25 notice with the SEC to remove a class of its securities from listing and/or registration on the Nasdaq Stock Market LLC.

Rhea-AI Filing Summary

DURECT Corp (DRRX) filed a Form 25 notice with the SEC to remove a class of its securities from listing and/or registration on the Nasdaq Stock Market LLC. The filing includes the issuer's principal office address in Cupertino, California, and Nasdaq's certification that it has reasonable grounds to file the Form 25 and complied with applicable rules for withdrawal or delisting.

Insights

Corporate Governance Expert

TL;DR: Form 25 notifies removal of a class of DURECT's securities from Nasdaq, a significant corporate action affecting listing status.

The filing is a formal notice under Section 12(b) that the issuer's securities will be struck from Nasdaq listing and/or registration. It records Nasdaq's certification that procedural requirements were met. This step is material to shareholders because it changes the trading venue and regulatory reporting implications for the listed class of securities.

Securities Analyst

TL;DR: The Form 25 signals delisting/withdrawal of DURECT's securities from Nasdaq, which is typically negative for liquidity and investor access.

The document provides the issuer name, exchange, and principal office contact but does not state reasons, effective date, or which specific class is affected. Without those details, assessing timing and market impact is limited; however, removal from a national exchange usually reduces liquidity and may change regulatory obligations for the security.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/11/2025 - 10:06 AM Learn about SEC filing dates

UNITED STATES

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OMB Number:			3235-0080
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

000-31615

Issuer:	DURECT CORP
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	10260 Bubb Road
	Cupertino	CALIFORNIA	95014
Telephone number:					+1 408 777-1417

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Common Stock

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-09-11	By	Tara Petta		AVP
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.