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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

The statements in this press release regarding our intention to license the rights to POSIDUR in the U.S., the potential uses and benefits of POSIDUR and our agreement with Nycomed for POSIDUR, including the potential milestone payments and royalties that may be received by us under the agreement and our belief that Nycomed will diligently commercialize POSIDUR in the additional countries where rights are granted to them, are forward-looking statements involving risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, DURECT and Nycomed's ability to enroll patients in clinical trials including the BESST trial in a timely manner, DURECT and Nycomed's reliance on third-party contract research organizations for the conduct of clinical trials including the BESST trial, potential side effects or adverse events observed during the BESST trial or in other clinical trials of POSIDUR, whether POSIDUR will meet the endpoints set forth in the BESST trial or in other clinical trials, delays and costs due to additional work or other requirements imposed by regulatory agencies for continued development, approval or sale of POSIDUR, our ability to consummate collaborative agreements relating to POSIDUR, our ability to complete the design, development, and manufacturing process development of POSIDUR, and to manufacture, commercialize and obtain marketplace acceptance of POSIDUR, and avoid infringing patents held by other parties and secure and defend patents of our own, and manage and obtain capital to fund our growth, operations and expenses. Further information regarding these and other risks is included in DURECT's Form 10-Q filed on November
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