DURECT Corp (DRRX) Tops Q1 EPS by 2c

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Go back to DURECT Corp (DRRX) Tops Q1 EPS by 2c

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

April 30, 2015 4:05 PM EDT

CUPERTINO, Calif., April 30, 2015 /PRNewswire/ -- DURECT Corporation (Nasdaq: DRRX) announced today financial results for the first quarter of 2015.  Total revenues were $4.8 million and net loss was $4.9 million for the three months ended March 31, 2015 as compared to total revenues of $6.3 million and net loss of $3.6 million for the three months ended March 31, 2014.    

At March 31, 2015, we had cash and investments of $29.8 million, compared to cash and investments of $34.9 million at December 31, 2014.  Subsequent to quarter-end, we raised net proceeds of $10.1 million from the sale of 5.4 million shares in the open... More