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Morning Alert for Durect Corp.

Publication: M2 Presswire
Publication Date: 30-NOV-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 November 2006-Biotech News: Morning Alert for Durect Corp.(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:30112006

Morning Alert for Durect Corp. (NASDAQ:RAND)

DURECT wants your medicine to go DURECTly where it's needed. It is developing drug-delivery systems to provide long-term therapy for such conditions as chronic pain and cancer. Its DUROS technology, licensed from ALZA, incorporates a tiny reservoir and pump implanted under the skin, with catheters attached to the affected organ. Potent medicine is dispensed regularly, replacing the need for injections or daily oral doses. Its lead product candidate, the CHRONOGESIC Pain Therapy System, uses the DUROS technology. DURECT sells biodegradable polymers and osmotic pumps used in research; it also offers contract R&D services. ALZA owns about 11% of DURECT.

Shares were up 30% after signing development deal worth up to $202 million with Danish drugmaker Nycomed.

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