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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Apr. 29, 1:59 AM

Slide #7. DURECT Corporation Secondary Offering

Company: DURECT Corporation (NASDAQ:DRRX)
Date announced: 4/25/2016
Shares Offered: 12,000,000
Date of Pricing: 4/26/2016
Price Per Share: $1.25
Secondary Offering Details: DURECT Corporation (Nasdaq: DRRX) today announced that it is offering, subject to market conditions, shares of its common stock in an underwritten public offering. DURECT anticipates using the net proceeds from this offering for general corporate purposes, which may include clinical trials, research and development activities, capital expenditures, selling, general and administrative costs and to meet working capital needs. All of the shares in the offering are to be sold by DURECT. - updated 4/26 - DURECT Corporation (Nasdaq: DRRX) today announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock, offered at a price of $1.25 per share to the public. The gross proceeds to DURECT from this offering are expected to be $15 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by DURECT. All of the shares in the offering are to be sold by DURECT. The offering is expected to close on or about April 29, 2016, subject to the satisfaction of customary closing conditions. DURECT has granted the underwriters a 30-day option to purchase up to an aggregate of 1,800,000 additional shares.

DURECT is a pharmaceutical company focused on the development of pharmaceuticals based on its proprietary drug delivery technology platforms. At Dec 31 2014, Co. had seven investigational drug candidates in clinical development. The more developed programs are in the field of pain management. Co. has other programs underway in fields outside of pain management, including central nervous system disorders, metabolic disorders, cardiovascular disease, acute organ injury, ophthalmic conditions, and other diseases. Co.'s development activities are focused on the application of its drug delivery technologies to potential products in a variety of chronic and episodic disease areas.

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Company Name:  Durect Corp
Website:  www.durect.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding DRRX:  16
Total Market Value Held by ETFs:  $6.72M
Total Market Capitalization:  $164.00M
% of Market Cap. Held by ETFs:  4.10%
 

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April 29, 2016    1:59 AM Eastern
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