DURECT Corporation Announces Exercise of Over-allotment Option in Initial Public Offering

CUPERTINO, Calif., Nov. 2 /PRNewswire/ — DURECT Corporation (Nasdaq: DRRX) today announced that the underwriters of its recent initial public offering of common stock have exercised their over-allotment option in part and purchased an additional 700,000 shares at the initial public offering price of $12.00 per share. All of the over-allotment shares were sold by […]

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DURECT Corporation Announces Commencement of Construction of Commercial Manufacturing Facility in Cupertino, CA

CUPERTINO, Calif., Oct. 23 /PRNewswire/ — DURECT Corporation (Nasdaq: DRRX) today announced that it has commenced construction of a commercial manufacturing facility that is expected to meet DURECT’s production needs for Phase III clinical trials currently planned for late 2001 and commercial market supply for its lead product, DUROS sufentanil. The new facility will comprise

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DURECT Corporation Acquires IntraEAR, Inc.

Pharmaceutical Firm Accelerates Activities in Ear Disorders Area Cupertino, California – PRNewswire — DURECT Corporation, a pioneer in drug therapy treatments employing continuous drug delivery technology, today announced that it has acquired substantially all of the assets of IntraEAR, Inc. of Denver, CO. Specific terms of the deal were not announced. IntraEAR, Inc. was established

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Genetronics Announces Election of Dr. Felix Theeuwes, A Drug Delivery Pioneer, to Its Board of Directors

San Diego, California – PRNewswire — Genetronics Biomedical Ltd. (Amex: GEB; Toronto) today announced it has elected Felix Theeuwes, D.Sc., as a new member of its Board of Directors. Dr. Theeuwes is Chairman and Chief Scientific Officer at DURECT Corporation, which was established in 1998 to focus on products based on ALZA Corporation’s (NYSE: AZA

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Pharmaceutical Firm Developing Therapies for Promising New Drug Delivery System

PRNewswire — DURECT Corporation, a pioneer in drug therapy treatments employing subcutaneous delivery technology, today announced the closing of a $20 million private placement of preferred convertible stock. The Series B placement led by Brookside Capital, a Bain Capital Fund, is DURECT’s second round of funding. Additional investors include J.P. Morgan Investment Management, Collinson Howe

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