DURECT CORPORATION (NASDAQ:DRRX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 9.01. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Director Retirement
On December 11, 2018, Dr. Felix Theeuwes provided notice to the Board of Directors (the “Board”) of DURECT Corporation (“DURECT”) of his decision to retire as Chairman of the Board and from the Board and the company, effective December 31, 2018. Dr. Theeuwes’ decision to retire did not involve any disagreement on any matter relating to DURECT’s operations, policies or practices. DURECT is grateful to Dr. Theeuwes, who co-founded DURECT and served as Chairman of the Board and Chief Scientific Officer from DURECT’s founding to 2018.
David R. Hoffmann, who currently serves as Lead Independent Director of the Board and as Chairman of the Audit Committee, will serve as DURECT’s new Chairman of the Board effective January 1, 2019.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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99.1 |
Press Release of DURECT Corporation dated December 17, 2018 |
DURECT CORP Exhibit
EX-99.1 2 drrx-ex991_6.htm EX-99.1 drrx-ex991_6.htm Exhibit 99.1 DURECT Corporation Announces Retirement of Dr. Felix Theeuwes as Chairman of the Board and Distinguished Scientist David Hoffmann,…
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About DURECT CORPORATION (NASDAQ:DRRX)
Durect Corporation is a biopharmaceutical company with research and development programs. The Company’s products candidates include DUR-928, oral for metabolic/lipid disorders, and DUR-928, injectable for acute organ injuries. Its other product candidates include POSIMIR (controlled release injection of bupivacaine), REMOXY (oral controlled release oxycodone), ORADUR-ADHD, ELADUR (controlled release injection of bupivicane), Relday (risperidone), ORADUR-based opioid (hydromorphone) and SABER-based ophthalmic. The Company’s ALZET product line consists of miniature, implantable osmotic pumps and accessories used for experimental research in mice, rats and other laboratory animals. The Company also manufactures and sells osmotic pumps used in laboratory research and design; and develops and manufactures a range of standard and custom biodegradable polymers and excipients for pharmaceutical and medical device clients for use as raw materials in their products.
