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Durect reports Hospira returns rights to Posidur in U.S. and Canada

Durect reported that Hospira has given notice that it is returning its development and commercialization rights to POSIDUR in the U.S. and Canada. POSIDUR is a post-operative pain relief depot that utilizes Durect's patented SABER technology to deliver bupivacaine and is designed to provide up to three days of pain relief after surgery.