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DURECT Corporation Announces Fourth Quarter and Year End 2010 Financial Results
Date:3/2/2011

s per share

86,97686,72086,86883,427(1)  Derived from audited financial statements.(2)  Includes stock-based compensation related to the following:Cost of revenues

$
88$
47$
341$
433Research and development

1,2231,8864,9417,159Selling, general and administrative

4971,0182,5203,838Total stock-based compensation

$  1,808$  3,051$
7,802$  11,430 DURECT CORPORATIONBALANCE SHEET DATA(in thousands)As ofAs ofDecember 31, 2010December 31, 2009 (1)(unaudited)ASSETSCurrent assets:Cash and cash equivalents$
,437$
8,287Short-term investments35,00532,834Short-term restricted investments66-Accounts receivable3,7161,700Inventories2,8362,799Prepaid expenses and other current assets2,7851,433Total current assets54,84547,053Property and equipment, net1,7763,808Goodwill6,3996,399Intangible assets, net71108Long-term investments 3,197-Long-term restricted Investments867431Other long-term assets405352Total assets$
7,560$
58,151LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$
981$
,019Accrued liabilities6,5245,337Contract research liability2,109990Deferred revenue, current portion8,0794,703Other short-term liabilities216208Total current liabilities17,90912,257Deferred revenue, noncurrent portion34,84917,543Other long-term liabilities315508Stockholders’ equity14,48727,843Total liabilities and stockholders’ equity$
7,560$
58,151(1)  Derived from audited financial statements.
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