DURECT Corp (DRRX) Misses Q4 EPS by 1c, Revenues Miss

DURECT Corp (NASDAQ: DRRX) reported Q4 EPS of ($0.04), $0.01 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $2.21 million versus the consensus estimate of $6.57 million.

"We have achieved a number of important milestones over the past few months, most significantly, initiating dosing in the DUR-928 AHFIRM trial in patients with severe alcohol-associated hepatitis (AH) and obtaining Fast Track Designation for that indication," stated James E. Brown, D.V.M., President and CEO of DURECT. "We also obtained FDA approval for POSIMIR® and took steps to strengthen our financial position, our board and our management team as we advance the development of DUR-928, a potentially life-saving therapy for patients with severe AH."

For earnings history and earnings-related data on DURECT Corp (DRRX) click here.

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