DURECT Corp (DRRX) Misses Q1 EPS by 1c

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DURECT Corporation Announces First Quarter 2020 Financial Results and Update of Programs

May 11, 2020 4:06 PM EDT

CUPERTINO, Calif., May 11, 2020 /PRNewswire/ -- DURECT Corporation (Nasdaq: DRRX) today announced financial results for the three months ended March 31, 2020 and provided a corporate update.

Total revenues were $2.8 million and net loss was $9.9 million for the three months ended March 31, 2020 as compared to total revenues of $4.1 million and net loss of $7.1 million for the three months ended March 31, 2019. At March 31, 2020, cash and investments were $52.5 million,... More