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DURECT announces $15M registered direct offering

Jun. 20, 2019 10:58 AM ETDURECT Corporation (DRRX) StockDRRXBy: Pranav Ghumatkar, SA News Editor1 Comment
  • DURECT (DRRX -3.7%) has agreed to sell and the investors agreed to purchase 29M shares of common stock, at $0.52/share for net proceeds of ~$15M.
  • The offering is expected to close on or about June 24, 2019, subject to customary closing conditions.

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