Tuesday, April 26, 2016

DRRX Prices Offering At $1.25/Share

DURECT Corp. (DRRX) has offered to sell 12 million shares of its common stock to the public at a price of $1.25 each. The offering, which is slated to close on or about April 29, 2016, is expected to bring in gross proceeds of about $15 million. At year-end 2015, the company had cash of $29.3 million.

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