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DURECT Corporation: New Patent Revenue, Analysts Review, Earnings and Current Pipeline Progress

NEW YORK, NY / ACCESSWIRE / December 12, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on DURECT Corporation (DRRX), a biopharmaceutical company developing therapeutics based on its Epigenetic Regulator Program and proprietary drug delivery platforms. DUR‑928, a new chemical entity in Phase 1 development, is the lead candidate in DURECT's Epigenetic Regulator Program.

On November 1, 2017, DURECT announced financial results for the three months ended September 30, 2017, and provided a corporate update.

The positive highlights of the third quarter included reaching an agreement with Indivior which resulted in a meaningful upfront payment to DURECT as well the potential for further payments based on the progress of RBP-7000, a drug candidate for schizophrenia for which Indivior has submitted an NDA to the FDA. The company is also making significant progress towards initiating multiple Phase 2 studies with DUR-928.

See what the analysts view of DRRX is, and get a full pipeline review here READ MORE

Copy and paste to your browser may be required to view the report - http://bit.ly/2C3gbEZ-DRRX-Analyst

The ALZET and LACTEL product lines continue to be strongly cash flow positive for the company. Furthermore, DRRX had a new line item in revenue this quarter, which was recording the $12.5 million upfront fee received from Indivior, regarding a patent agreement signed during the third quarter of 2017.

The top-line results from the Phase 3 clinical trial of POSIMIR did not meet expectations, trending in favor of POSIMIR but not reaching statistical significance. The company is now working closely with its partner Sandoz to more thoroughly review the data from the trial and to determine next steps.

An earnings review, more about the terms with Indivior, and company highlights READ MORE

Copy and paste to your browser may be required to view the report - http://bit.ly/2C3gbEZ-DRRX-Analyst


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SOURCE: Traders News Source