DURECT Corp (DRRX) Tops Q2 EPS by 1c

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

August 3, 2015 4:05 PM EDT

CUPERTINO, Calif., Aug. 3, 2015 /PRNewswire/ -- DURECT Corporation (Nasdaq: DRRX) announced today financial results for the second quarter of 2015.  Total revenues were $4.4 million and net loss was $5.5 million for the three months ended June 30, 2015 as compared to total revenues of $4.6 million and net loss of $5.5 million for the three months ended June 30, 2014.    

At June 30, 2015, we had cash and investments of $37.8 million, compared to cash and investments of $34.9 million at December 31, 2014.  At June 30, 2015, we had $19.8 million in long term debt.

"The second quarter marked significant progress on multiple... More