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DURECT (DRRX)

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DURECT Acquired by Bausch Health
DRRX
M&A
New Projects/Investments
  • Bausch Health Companies Inc. completed its acquisition of DURECT Corporation on September 11, 2025.
  • Under the terms, Bausch Health acquired all outstanding shares of DURECT for $1.75 per share in cash, representing an upfront payment of approximately $63 million. The agreement also includes potential net sales milestone payments of up to $350 million.
  • The acquisition adds larsucosterol, DURECT's lead asset, to Bausch Health's hepatology pipeline. Larsucosterol has an FDA Breakthrough Therapy Designation for alcohol-associated hepatitis, and a registrational Phase 3 program is being planned.
  • Following the completion of the tender offer and merger, DURECT Corporation became a wholly owned subsidiary of Bausch Health, and its common stock ceased trading on Nasdaq on September 11, 2025.
Sep 11, 2025, 12:35 PM
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