DRRX:NASDAQ

DURECT Corp.

DURECT Corp. is a biopharmaceutical company focused on two areas of active drug development: New therapeutics based on its proprietary drug delivery platforms and new chemical entities derived from its epigenomic regulator program. Its drug development expertise is being applied primarily to the fields of pain management, central nervous system disorders, acute organ injury and metabolic diseases such as nonalcoholic fatty liver disease/nonalcoholic steatohepatitis. Late-stage development programs include POSIMIR (SABER-bupivacaine) and REMOXY (ORADUR-oxycodone). DURECT's epigenomic regulator program includes the lead molecule DUR-928 in Phase 1 development. DUR-928 is an endogenous small molecule that modulates lipid homeostasis, inflammation and cell survival.
DRRX:NASDAQ

Expert Comments:

Permission has been obtained to distribute time-release capsules.
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Company entitled to receive quarterly earn-out payments from patent agreement.
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Grant Zeng, Zacks Small-Cap Research (8/6/18)
"DURECT Corp.'s total revenue for Q2/18 was $3.4M. . .as of June 30, 2018, cash and investments were $42.5M. . .we continue to be optimistic about the company's story. . .our fair value stands at $6/share solely based on the value of its DUR-928 programs." -Zacks Small-Cap Research

Ed Arce, H.C. Wainwright & Co. (8/2/18)
"DURECT Corp.'s Q2/18 earnings per share surprised on the upside due to lower-than-expected research and development and sales and marketing expenses. . .cash, cash equivalents and short-term investments were $42.5M at Q2/18E. . .we affirm our Buy."

Francois Brisebois, Laidlaw & Company (8/2/18)
"DURECT Corp. reported its Q2/18 last night after the close, again mostly in line with expectations. Bottom line came in at $0.04 versus our anticipated $0.05. . .we consider the company a development story and continue to expect two potential Phase 2a interim readouts in primary sclerosing cholangitis and alcoholic hepatitis in H2/18."

A Laidlaw & Co. report discussed this firm's revenue and near-term, clinical catalysts.
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Ed Arce, H.C. Wainwright & Co. (7/31/18)
"Recall, in September 2017, DURECT Corp. agreed to assign certain patent rights to Indivior to provide further intellectual property protection for Perseris through at least 2026. Pursuant to that agreement, the approval of Perseris triggers a $5M milestone payment to DURECT as well as single-digit royalties (we assume 4%) on U.S. net sales of Perseris, while covered by the assigned patent rights."

Patrick Dolezal, LifeSci Capital (7/30/18)
"DURECT Corp. is conducting a Phase 2a trial for oral DUR-928 in the treatment of primary sclerosing cholangitis, and interim data are anticipated in 2018. The company is also conducting a Phase 2a trial for injectable DUR-928 in patients with alcoholic hepatitis, with interim data expected this year."

Francois Brisebois, Laidlaw & Company (7/30/18)
"DURECT Corp. recently announced the U.S. Food and Drug Administration approval of Indivior's Perseris (first once-monthly subcutaneous risperidone-containing, long-acting injectable suspension for the treatment of schizophrenia in adults). This approval is in line with expectations and triggers a $5M milestone payment to DURECT followed by future earnout payments (single-digit percentage) based on U.S. net sales."

More Expert Comments

Experts Following This Company

Ed Arce, Managing Direction and Senior Research Analyst – H.C. Wainwright & Co.
Francois Brisebois, Healthcare Research Analyst – Laidlaw & Company
Patrick Dolezal – LifeSci Capital
Adam Walsh, Analyst-Healthcare – Stifel
Len Yaffe, Fund Manager, analyst, MD – Stoc*Doc Partners
Grant Zeng, Senior Biotech Analyst – Zacks Investment Research, Zacks Small-Cap Research

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Investing Highlights
 
DUR-928, in Phase 1, is an Endogenous Small Molecule with Compelling Animal Data
 
Two Late Stage Pain Products Addressing Large Markets
 
Company Holds the WW Rights to DUR-928 and POSIMIR