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Durect Corp - DRRX STOCK NEWS

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 (Nasdaq: DRRX) is a specialized biopharmaceutical company focused on the research, development, and manufacturing of innovative pharmaceutical products. With expertise in drug discovery, delivery, and development, DURECT dedicates its efforts to creating therapies aimed at pain management, acute organ injury, and metabolic diseases. Their proprietary technologies, including oral, transdermal, and injectable depot delivery systems, enhance clinical and commercial attributes such as abuse deterrence, convenience, adherence, efficacy, and safety for both small molecule and biologic drugs.

One of DURECT’s key assets is larsucosterol, an epigenetic modulator currently in Phase 3 clinical trials for the treatment of severe alcohol-associated hepatitis (AH). This promising candidate has received both Fast Track and Breakthrough Therapy designations from the FDA. The company's Phase 2b AHFIRM trial demonstrated significant potential in reducing mortality among AH patients, paving the way for further research and development.

Another noteworthy product is POSIMIR®, an FDA-approved non-opioid analgesic for post-surgical pain management, which utilizes DURECT’s SABER® platform technology. It is exclusively licensed to Innocoll Pharmaceuticals for distribution in the United States.

DURECT also markets ALZET® osmotic pumps, widely used in preclinical research for continuous drug delivery in laboratory animals. A collaboration with Charles River Laboratories aims to further expand the reach of this product line within the pharmaceutical and academic sectors.

Financially, DURECT continues to advance its pipeline with strategic capital management, ensuring the sustainability of its operations while actively seeking regulatory approvals for its drug candidates. Their latest developments include quarterly financial reports, conference calls with stakeholders, and presentations at major medical conferences, showcasing their commitment to transparency and progress.

For more information, visit www.durect.com and follow the company on X (formerly Twitter) at https://x.com/DURECTCorp.

Rhea-AI Summary

DURECT (Nasdaq: DRRX) announced a late-breaking oral presentation at the EASL Congress 2024 to discuss data from the Phase 2b AHFIRM trial on larsucosterol for severe alcohol-associated hepatitis. The presentation will be held on June 8, 2024, in Milan, Italy.

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DURECT (DRRX) reports financial results for Q4 and full year 2023, along with a business update. Ongoing communication with FDA for Larsucosterol in Alcohol-Associated Hepatitis. Webcast of earnings call on March 27th.
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DURECT (Nasdaq: DRRX) will report its Q4 and full year 2023 financial results on March 27, 2024. The company focuses on epigenetic therapies for serious conditions like acute organ injury and cancer. Investors can join a conference call and webcast for updates.
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DURECT Corporation (Nasdaq: DRRX) partners with Charles River Laboratories for a co-marketing and collaboration agreement to promote ALZET Osmotic Pumps Portfolio and Associated Product Line in the U.S. and Canada. The partnership aims to jointly market and commercialize the product line over a multi-year period, leveraging Charles River's expertise in drug discovery and non-clinical development solutions.
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DURECT Corporation (Nasdaq: DRRX) will present at the Oppenheimer 34th Annual Healthcare Life Sciences Conference, virtually, on February 14, 2024. The company's President and CEO, James E. Brown, will be presenting. The webcast link is available on DURECT's homepage. Management will also be available for one-on-one meetings with institutional investors during the conference.
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DURECT Corporation (Nasdaq: DRRX) reported topline data from the AHFIRM trial, showing a promising efficacy signal in favor of larsucosterol in reducing mortality in alcohol-associated hepatitis (AH) patients. The company plans to discuss the trial results with the FDA in the first quarter of 2024 and potentially design a Phase 3 trial using mortality as the primary endpoint. Financially, total revenues were $1.7 million, with a net loss of $3.0 million for the three months ended September 30, 2023.
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DURECT Corporation (Nasdaq: DRRX) to Report Q3 2023 Financial Results on November 13, 2023. The company will host a conference call and webcast to discuss financial results and provide a corporate update. Details for the call and webcast are provided in the press release.
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DURECT Corporation (Nasdaq: DRRX) announces positive topline results from its AHFIRM trial, demonstrating a compelling reduction in 90-day mortality for larsucosterol in patients with severe alcohol-associated hepatitis. The 30 mg and 90 mg doses showed a 41% and 35% reduction in mortality, respectively, compared to standard of care (SOC). More pronounced effects were observed in the U.S. trial population, with a 57% and 58% reduction in mortality for the 30 mg and 90 mg doses, respectively.
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DURECT plans to report topline data from AHFIRM trial in Q4 2023. Positive outcome may lead to FDA approval for larsucosterol as the first treatment for alcohol-associated hepatitis (AH).
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DURECT Corporation will present at H.C. Wainwright 25th Annual Global Investment Conference on September 11, 2023, and at Cantor Fitzgerald Annual Global Healthcare Conference on September 27, 2023.
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FAQ

What is the current stock price of Durect (DRRX)?

The current stock price of Durect (DRRX) is $1.01 as of November 22, 2024.

What is the market cap of Durect (DRRX)?

The market cap of Durect (DRRX) is approximately 28.2M.

What is DURECT Corporation's primary focus?

DURECT Corporation specializes in drug discovery, delivery, and development, primarily targeting pain management, acute organ injury, and metabolic diseases.

What are DURECT's key products?

Key products include larsucosterol, POSIMIR®, and ALZET® osmotic pumps.

What is larsucosterol?

Larsucosterol is an epigenetic modulator currently in Phase 3 trials for severe alcohol-associated hepatitis (AH).

Has larsucosterol received any special designations from the FDA?

Yes, it has received both Fast Track and Breakthrough Therapy designations.

What is POSIMIR®?

POSIMIR® is an FDA-approved non-opioid analgesic for post-surgical pain management, utilizing DURECT’s SABER® platform technology.

Who distributes POSIMIR® in the United States?

POSIMIR® is exclusively licensed to Innocoll Pharmaceuticals for distribution in the United States.

What are ALZET® osmotic pumps?

ALZET® osmotic pumps are miniature implantable pumps used for continuous drug delivery in laboratory animals, widely utilized in preclinical research.

What recent financial updates has DURECT provided?

DURECT regularly reports financial results, hosts conference calls, and provides corporate updates to stakeholders.

How does DURECT engage with the scientific community?

DURECT participates in major medical conferences and collaborates with partners like Charles River Laboratories to broaden the reach of their products.

Where can I find more information about DURECT Corporation?

For more information, visit www.durect.com and follow the company on X (formerly Twitter) at https://x.com/DURECTCorp.

Durect Corp

Nasdaq:DRRX

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DRRX Stock Data

28.25M
28.16M
5.79%
23%
3.15%
Drug Manufacturers - Specialty & Generic
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