SAN FRANCISCO, CA–(Marketwired – July 20, 2017) – News about progress in two of this biotech’s development programs prompted a rating upgrade by analyst Adam Walsh of Stifel Nicolaus & Company.
Included in this article is: DURECT Corp. (NASDAQ: DRRX)
In a July 12 research report, Stifel outlined the firm’s investment thesis for the biotech, noting that “DURECT Corp. appears poised for upside over the next 12-18 months, in our view. We expect Posimir to remain in focus near-term ahead of upcoming pivotal P3 PERSIST results due 4Q17 and potential approval/launch as soon as 2H18.”
Walsh described Posimir as “a nonopioid analgesic that is designed to provide three days of local pain relief following one-time intraincisional instillation at the close of surgery. The drug forms a biodegradable depot that releases bupivacaine directly into the surgical site at a constant rate over 72 hours.”
Should Posimir receive FDA approval, “we believe the drug could potentially play a role in reducing the duration and cost of hospital stays, decreasing the use of postoperative opioids, and reducing the resources required to manage postoperative pain,” Walsh noted.
Continue reading this article: Progress in Pain Control and Liver Disease Programs Spurs Rise in Company’s Rating
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