DURECT Corporation to Participate in Fireside Chat at the H.C. Wainwright BioConnect Investor Conference

Rhea-AI Summary

DURECT Corporation (NASDAQ: DRRX) announced that Dr. James Brown, President and CEO, will participate in a fireside chat at the H.C. Wainwright BioConnect Investor Conference on May 2, 2023, at 10:00 AM Eastern Time. The event is hosted by Ed Arce, Managing Director at H.C. Wainwright & Co. The session will cover DURECT's innovative therapies aimed at treating acute organ injury and chronic liver diseases, including the lead candidate Larsucosterol (DUR-928), which has received FDA Fast Track Designation for severe alcohol-associated hepatitis (SAH). A webcast of the chat will be available on DURECT's website, with a replay accessible for 90 days.

DURECT is focused on transforming treatments for liver diseases and has also licensed the FDA-approved POSIMIR for commercialization by Innocoll Pharmaceuticals in the United States.

CUPERTINO, Calif., April 25, 2023 /PRNewswire/ -- DURECT Corporation (Nasdaq: DRRX) today announced that Dr. James Brown, President and CEO, will participate in a fireside chat hosted by Ed Arce, Managing Director, Senior Biotechnology Research Analyst, H.C Wainwright & Co., LLC at the H.C. Wainwright BioConnect Investor Conference on May 2, 2023.

Details are as follows:

H.C. Wainwright BioConnect Investor Conference

Date:	May 2, 2023
Time:	10:00 AM Eastern Time
Format:	Fireside Chat hosted by Ed Arce
Webcast:	https://journey.ct.events/view/69fb9cb7-377f-4a5d-b65b-15dd26f05f7c

The webcast link will also be available by accessing DURECT's homepage at www.durect.com and clicking on "Events" under the "Investors" section. A replay will be available for 90 days.

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. Larsucosterol (also known as DUR-928), DURECT's lead drug candidate, binds to and inhibits the activity of DNA methyltransferases (DNMTs), DNA-modifying enzymes that are elevated and associated with the hypermethylation found in patients with severe alcohol-associated hepatitis (SAH). Larsucosterol is in clinical development for the potential treatment of SAH, for which FDA has granted a Fast Track Designation. 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 FDA-approved and has been exclusively licensed to Innocoll Pharmaceuticals for commercialization in the United States. For more information about DURECT, please visit www.durect.com and follow us on Twitter https://twitter.com/DURECTCorp.

DURECT Forward-Looking Statements
This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, relating to: our plans to complete enrollment of the AHFIRM trial in the second quarter of 2023 and report topline data in the second half of 2023, the potential FDA approval of larsucosterol for the treatment of AH, the ability of a positive outcome in the AHFIRM trial to support a New Drug Application filing, the commercialization of POSIMIR by Innocoll, the potential to develop larsucosterol for AH, NASH or other indications, and the potential benefits, if any, of our product candidates. Actual results may differ materially from those contained in the forward-looking statements contained in this press release, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from those projected include, among other things, the risks that the AHFIRM trial takes longer to conduct than anticipated due to COVID-19 or other factors, the risk that ongoing and future clinical trials of larsucosterol do not confirm the results from earlier clinical or pre-clinical trials, or do not demonstrate the safety or efficacy of larsucosterol in a statistically significant manner, the risk that the FDA or other government agencies may require additional clinical trials for larsucosterol before approving it for the treatment of AH even if the results of the AHFIRM trial are successful, risks that Innocoll may not commercialize POSIMIR successfully, and risks related to the sufficiency of our cash resources, our anticipated capital requirements, our need or desire for additional financing, our ability to obtain capital to fund our operations and expenses and our ability to continue to operate as a going concern. Further information regarding these and other risks is included in DURECT's most recent Securities and Exchange Commission (SEC) filings, including its annual report on Form 10-K for the year ended December 31, 2022 under the heading "Risk Factors." These reports are available on our website www.durect.com under the "Investors" tab and on the SEC's website at www.sec.gov. All information provided in this press release is based on information available to DURECT as of the date hereof, and DURECT assumes no obligation to update this information as a result of future events or developments, except as required by law.

NOTE: POSIMIR^® is a trademark of Innocoll Pharmaceuticals, Ltd. in the U.S. and a trademark of DURECT Corporation outside of the U.S. SABER^® is a trademark of DURECT Corporation. Other referenced trademarks belong to their respective owners. Larsucosterol (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.

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SOURCE DURECT Corporation

FAQ

What is the date of DURECT Corporation's fireside chat at the H.C. Wainwright BioConnect Investor Conference?

The fireside chat will take place on May 2, 2023.

Who will represent DURECT Corporation at the conference?

Dr. James Brown, President and CEO, will represent DURECT Corporation.

What time is DURECT Corporation's presentation at the conference?

The presentation is scheduled for 10:00 AM Eastern Time.

Where can I watch the webcast of DURECT Corporation's conference presentation?

The webcast can be watched on DURECT's website, and a replay will be available for 90 days.

What is Larsucosterol and its significance for DURECT Corporation?

Larsucosterol (DUR-928) is DURECT's lead drug candidate for treating severe alcohol-associated hepatitis and has received FDA Fast Track Designation.

What is the FDA status of DURECT's product POSIMIR?

POSIMIR is an FDA-approved product that has been licensed to Innocoll Pharmaceuticals for commercialization in the United States.