DURECT Corp (DRRX) Misses Q2 EPS by 1c
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DURECT Corporation Announces Second Quarter 2016 Financial Results and Update of Programs
August 1, 2016 4:05 PM EDTCUPERTINO, Calif., Aug. 1, 2016 /PRNewswire/ -- DURECT Corporation (Nasdaq: DRRX) announced today financial results for the second quarter of 2016. Total revenues were $3.2 million and net loss was $9.0 million for the three months ended June 30, 2016 as compared to total revenues of $4.4 million and net loss of $5.5 million for the three months ended June 30, 2015.  Â
At June 30, 2016, we had cash and investments of $33.9 million, compared to cash and investments of $29.3 million at December 31, 2015. At June 30, 2016, we had $19.8 million in short and long term debt.
"The REMOXY® ER PDUFA date of September... More
