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Endo Pharmaceuticals Returns Product Rights to TRANSDUR(TM)-Sufentanil to DURECT
Date:2/27/2009

al data that had been generated by Endo and detailed proposed protocols for Phase III were reviewed with the FDA at an end-of-Phase II meeting on February 19, 2009. As a result of that meeting, we believe we have a clear idea of the anticipated regulatory pathway for the Phase III program and approval, which will follow a 505(b)2 pathway as discussed with FDA.

DURECT anticipates now recognizing in the fourth quarter of 2008 additional revenue as a result of accelerating the remaining amortization of the Endo upfront license fee. Correspondingly, the net loss for the fourth quarter of 2008 and for the fiscal year will be less than previously reported in DURECT's earning release on February 9, 2009. These are non-cash financial items.

About TRANSDUR-Sufentanil

TRANSDUR-Sufentanil is intended to provide continuous delivery of sufentanil for up to seven days from a single application, as compared to the three days of relief provided by currently available opioid patches. We anticipate that the small size of our sufentanil patch (potentially as small as 1/5th the size of currently marketed transdermal fentanyl patches for a therapeutically equivalent dose) and longer duration of action may offer improved convenience and compliance for patients. In addition, we believe that the improved product profile relative to existing fentanyl patches may make these patches an attractive alternative for many patients currently on extended release oral opioids.

About DURECT Corporation

DURECT is an emerging specialty pharmaceutical company developing innovative drugs for pain and other chronic diseases, with late-stage development programs including REMOXY(R), POSIDUR(TM), ELADUR(TM), and TRANSDUR(TM)-Sufentanil. DURECT's proprietary oral, transdermal and injectable depot delivery technologies enable new indications and superior clinical/commercial attributes such as abuse deterrence, imp
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SOURCE DURECT Corporation
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