
Durect was testing the drug Posidur in 305 patients undergoing a variety of general abdominal surgical procedures.
Posidur is a pain killer that aims to provide up to three days of pain relief after surgery. Hospira Inc (NYSE: HSP) has the rights to market the drug in the United States and Canada.
Cupertino, California-based Durect's shares have already lost 42 percent of their value over the last 6 months. They fell to 65 cents in pre-market trade on Friday on the Nasdaq.
StreetBeat Disclaimer
No comments:
Post a Comment