SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DURECT Corporation - DRRX

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of
                    Investors of DURECT Corporation - DRRX

PR Newswire

NEW YORK, Feb. 14, 2014

NEW YORK, Feb. 14, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims
on behalf of investors of DURECT Corporation ("DURECT" or the
"Company")(NasdaqGS: DRRX). Such investors are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether DURECT and certain of its officers and/or
directors have violated Sections 10(b) and 20(a) of the Securities Exchange
Act of 1934.

On Wednesday, February 12, 2014,DURECT announced that the U.S. Food and Drug
Administration ("FDA") has issued a Complete Response Letter for
POSIDUR^™(SABER^®-Bupivacaine), an investigational drug for administration
into the surgical site to produce post-surgical analgesia. The Company
stated that, "based on its review, the FDA has determined that they cannot
approve the NDA in its present form, stating the NDA does not contain
sufficient information to demonstrate that POSIDUR is safe when used in the
manner described in the proposed label, and the FDA has indicated that
additional clinical safety studies need to be conducted."

On this news, DURECT shares fell $0.40 per share to $1.55, or more than
20.51%, on February 13, 2014.

The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida,
is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 70 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com





SOURCE Pomerantz LLP

Website: http://www.pomerantzlaw.com
 
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