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DURECT Corporation Announces Second Quarter 2009 Financial
Date:8/3/2009

elief depot that utilizes our patented SABER technology to deliver bupivacaine to provide up to three days of pain relief after surgery. POSIDUR is licensed to Nycomed for commercialization in Europe and select other countries, and we have retained commercialization rights in the US, Canada and Asia. -- ELADUR(TM) (TRANSDUR(TM)-Bupivacaine). In October 2008, worldwide rights to this program were licensed to Alpharma, which was acquired by King Pharmaceuticals in December 2008. During the second quarter, we continued to interact with the King team on details associated with next steps in the clinical program, which King expects to initiate this year. ELADUR is our proprietary transdermal patch intended to provide bupivacaine for a period of up to three days from a single application. -- TRANSDUR-Sufentanil. A successful end-of-Phase II meeting with the FDA has been conducted for this program that laid out a potential regulatory pathway for the Phase III program and approval. We are in active discussions with multiple potential partners regarding licensing development and commercialization rights to this program to which we hold worldwide rights. TRANSDUR-Sufentanil is our proprietary transdermal patch intended to provide sufentanil to chronic pain sufferers for a period of up to seven days from a single application. -- Feasibility Projects. During the second quarter, we signed four new feasibility projects with pharmaceutical and biotechnology companies whereby we will apply our SABER and DURIN technologies to both small molecule and biologic agents of interest to our collaborator. We undertake these feasibility projects as a means of demonstrating that our technologies can achieve the drug delivery objectives set forth by
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