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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.

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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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DURECT Corporation (Nasdaq: DRRX) Announces Q2 2023 Financial Results and Corporate Update
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DURECT Corporation has announced a registered direct offering of 2,991,027 shares of common stock and accompanying warrants. The offering is priced at $5.015 per share and warrant, with the warrants exercisable at $4.89 per share. The closing is expected to occur soon.
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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.

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DURECT Corporation (NASDAQ: DRRX) announced the acceptance of additional data from its Phase 2a trial evaluating larsucosterol for alcohol-associated hepatitis (AH), which will be published in the American Journal of Gastroenterology. The trial demonstrated a 100% survival rate among 19 patients during a 28-day follow-up, significantly better than the historical mortality rate of 26% in similar patients. The drug was well-tolerated across three doses and showed rapid improvements in liver biomarkers. Furthermore, the company is on track to report data from its ongoing Phase 2b AHFIRM trial in the second half of 2023, targeting 300 patients for further validation of larsucosterol's efficacy. With FDA Fast Track Designation, the company aims to expedite the drug's development to address an urgent medical need, as no FDA-approved therapies currently exist for AH.

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FAQ

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

The current stock price of Durect (DRRX) is $0.9288 as of December 23, 2024.

What is the market cap of Durect (DRRX)?

The market cap of Durect (DRRX) is approximately 29.2M.

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

DRRX Rankings

DRRX Stock Data

29.19M
28.16M
5.79%
23%
3.15%
Drug Manufacturers - Specialty & Generic
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