DURECT Corporation to Announce Third Quarter 2021 Financial Results and Provide Business Update on November 2

Rhea-AI Summary

DURECT Corporation (Nasdaq: DRRX) will report its Q3 2021 financial results on November 2, 2021, at 4:30 PM ET. A conference call will follow to discuss these results. The company is advancing its lead drug candidate, DUR-928, aimed at treating alcohol-associated hepatitis, currently in a Phase 2b clinical trial. The FDA has granted it Fast Track Designation. Additionally, DURECT's POSIMIR has received FDA approval. Investors should watch for performance metrics and further developments on the clinical trials during the upcoming call.

Positive

• DUR-928 is in Phase 2b clinical trial for alcohol-associated hepatitis with Fast Track Designation.
• POSIMIR, a non-opioid analgesic, is FDA-approved.

Negative

• Risks associated with DUR-928's clinical trial timelines potentially being longer due to COVID-19.
• Possible failure of clinical trials to confirm earlier results or demonstrate safety and efficacy.

CUPERTINO, Calif., Oct. 26, 2021 /PRNewswire/ -- DURECT Corporation (Nasdaq: DRRX) today announced that it will report its third quarter 2021 financial results and host a conference call after the market close on Tuesday, November 2, 2021.

Tuesday, November 2 @ 4:30pm Eastern Time / 1:30 p.m. Pacific Time
Toll Free:	877-869-3847
International:	201-689-8261
Conference ID:	13724352
Webcast:	https://78449.themediaframe.com/dataconf/productusers/solebury/mediafram e/47102/indexl.html

About DURECT Corporation
DURECT is a biopharmaceutical company committed to transforming the treatment of acute organ injury and chronic liver diseases by advancing novel and potentially lifesaving therapies based on its endogenous epigenetic regulator program. DUR-928, the Company's lead drug candidate, is in clinical development for the potential treatment of alcohol-associated hepatitis (AH) for which FDA has granted a Fast Track Designation. The Company is conducting a double-blind, placebo-controlled Phase 2b clinical trial called AHFIRM, evaluating DUR-928's life saving potential compared to the current standard of care in patients with severe AH. Non-alcoholic steatohepatitis (NASH) is also being explored. In addition, POSIMIR^® (bupivacaine solution) for infiltration use, a non-opioid analgesic utilizing the innovative SABER® platform technology, is now FDA-approved. Full prescribing information about POSIMIR, including the Boxed Warning, can be found at www.posimir.com.  For more information about DURECT, please visit www.durect.com and follow us on Twitter https://twitter.com/DURECTCorp.

DURECT Forward-Looking Statement
The statements in this press release regarding the potential for DUR-928 to treat patients with AH, NASH, and other diseases, multiple acute organ injury, ongoing and planned clinical trials of DUR-928, and the commercial potential of POSIMIR are forward-looking statements involving risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the risks that the clinical trial of DUR-928 in AH takes longer to conduct than anticipated due to COVID-19 or other factors, the risk that clinical trials of DUR-928, including AHFIRM, do not confirm the results from earlier clinical or pre-clinical trials, or do not demonstrate the safety or efficacy or the life-saving potential of DUR-928 in a statistically significant manner, risks that we or a third-party licensee may not commercialize POSIMIR successfully, if at all, and risks related to our ability to obtain capital to fund operations and expenses. Further information regarding these and other risks is included in DURECT's Form 10-Q filed on July 30, 2021 under the heading "Risk Factors."

NOTE: POSIMIR^® and SABER^® are trademarks of DURECT Corporation.  Other referenced trademarks belong to their respective owners.  DUR-928 is an investigational drug candidate under development and has not been approved for commercialization by the U.S. Food and Drug Administration or other health authorities for any indication. Full prescribing information for POSIMIR, including its Boxed Warning, can be found at www.posimir.com.

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SOURCE DURECT Corporation

FAQ

When will DURECT Corporation report its Q3 2021 financial results?

DURECT Corporation will report its Q3 2021 financial results on November 2, 2021.

What is DUR-928 and its current status?

DUR-928 is DURECT's lead drug candidate in Phase 2b clinical trials for alcohol-associated hepatitis, with Fast Track Designation from the FDA.

Is POSIMIR FDA-approved?

Yes, POSIMIR is FDA-approved for infiltration use as a non-opioid analgesic.

What should investors expect from the upcoming conference call?

Investors can expect insights on financial performance, clinical trial updates, and business developments during the conference call.