SAN FRANCISCO, CA--(Marketwired - September 09, 2016) - With a trifecta of share-moving milestones anticipated in Q4/16, including possible FDA approval of abuse-resistant opioid Remoxy, Laidlaw & Co. Analyst Jim Molloy sees blue sky ahead for DURECT Corp. (NASDAQ: DRRX)
Included in this article is: DURECT Corp.
In an Aug. 29 research report reiterating Laidlaw's investment thesis for the company, Molloy outlined imminent catalysts for three candidates in DURECT Corp.'s pipeline.
The PDUFA (Prescription Drug User Fee Act) date for Remoxy is up first, with Molloy calling the drug "[a] former greenkeeper, now, about to become the Masters champion." Though the abuse-resistant formulation of oxycodone has been "circling FDA approval for two putts, we believe Remoxy is on track to finally get the tap in on the third go at FDA approval this September 25th," the analyst wrote.
Continue reading this article: Three Shots on Goal in Q4/16 for DURECT Corp.
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