DURECT Corporation ( (DRRX) ) has released its Q2 earnings. Here is a breakdown of the information DURECT Corporation presented to its investors.
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DURECT Corporation is a late-stage biopharmaceutical company focused on developing epigenetic therapies targeting DNA methylation for treating serious conditions, such as acute organ injury. The company is currently in the process of being acquired by Bausch Health Companies Inc., with the transaction expected to close in the third quarter of 2025. Under the merger agreement, Bausch Health will pay $1.75 per share, with potential additional milestone payments of up to $350 million.
For the second quarter of 2025, DURECT reported total revenues of $447,000 and a net loss of $2.3 million, an improvement from the previous year’s net loss of $3.7 million for the same period. The company’s cash, cash equivalents, and investments stood at $6.7 million as of June 30, 2025, down from $12.0 million at the end of 2024.
Key financial metrics indicate a decrease in operating expenses from $4.8 million in Q2 2024 to $3.3 million in Q2 2025, reflecting cost management efforts. Despite the reduced revenues, the company managed to lower its net loss, signaling potential operational improvements.
Looking ahead, DURECT’s management remains focused on the successful completion of the merger with Bausch Health. The company continues to advance its lead drug candidate, Larsucosterol, which has received FDA Fast Track and Breakthrough Therapy designations, positioning DURECT for potential future growth in the biopharmaceutical sector.