DURECT Corp (DRRX) Reports In-Line Q3 EPS

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Go back to DURECT Corp (DRRX) Reports In-Line Q3 EPS

DURECT Corporation Announces Third Quarter 2015 Financial Results and Update of Programs

November 2, 2015 4:05 PM EST

CUPERTINO, Calif., Nov. 2, 2015 /PRNewswire/ -- DURECT Corporation (Nasdaq: DRRX) announced today financial results for the third quarter of 2015.  Total revenues were $4.7 million and net loss was $6.5 million for the three months ended September 30, 2015 as compared to total revenues of $4.3 million and net loss of $7.1 million for the three months ended September 30, 2014.    

At September 30, 2015, we had cash and investments of $32.4 million, compared to cash and investments of $34.9 million at December 31, 2014.  At September 30, 2015, we had $19.7 million in long term debt.

"We continued to make solid progress on multiple... More