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DURECT and Nycomed Amend POSIDUR(TM) License Agreement to Separate Funding and Control of U.S. and E.U. Clinical Programs and to Expand Territory
Date:2/22/2010

"Nycomed has been a strong partner for DURECT since the inception of our relationship, and the early portions of the U.S. and E.U. development programs have benefited from the joint guidance and co-funding by the parties. However, at this later stage of development, given the divergence between the clinical development programs required for regulatory approval as between the U.S. and E.U., and our aspirations to partner POSIDUR in the U.S., this amendment provides greater flexibility for both parties in their respective territories while at the same time preserving the close cooperation and sharing of data for our mutual benefit," stated James E. Brown, President and CEO of DURECT Corporation. "We also believe that Nycomed will diligently exploit the additional countries granted to them, from which we will benefit under the same favorable commercial terms as in our original agreement."

DURECT recently commenced BESST (Bupivacaine Effectiveness and Safety in SABER™ Trial), which is intended to be the pivotal Phase III clinical trial in the U.S. In Europe, Nycomed is currently conducting two Phase IIb clinical trials (in hysterectomy and in shoulder surgery) with OPTESIA™.

About the DURECT / Nycomed Collaboration


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