September 24, 2022

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DURECT Corporation Appoints Timothy M. Papp as Chief Financial Officer

CUPERTINO, Calif., July 5, 2022 /PRNewswire/ — DURECT Corporation (Nasdaq: DRRX), a biopharmaceutical enterprise centered on epigenetic regulation to produce remedies for acute organ damage and continual liver health conditions, right now announced the appointment of Timothy M. Papp as its Chief Economic Officer. In this new position, Mr. Papp will immediate and oversee all money and funds marketplaces functions together with accounting, economic reporting, monetary planning and investigation, fiscal tactic, and trader relations.

“We are thrilled to welcome Tim to our govt leadership team, as he brings his deep understanding of company finance and corporate benefit motorists to DURECT,” stated James E. Brown, D.V.M., President and Main Executive Officer of DURECT.

Mr. Papp provides around 25 many years of company finance working experience to DURECT, which include 15 yrs in the Biopharma sector. He joins DURECT from RBC Cash Marketplaces, wherever he was a Running Director of Health care Expense Banking. Earlier, he served as a Running Director of Healthcare Investment decision Banking at Stifel, and he also served in Financial commitment Banking and Mergers & Acquisitions roles at Cowen, Keybanc Capital Marketplaces, and Rodman & Renshaw. Mr. Papp graduated cum laude from Duke College with a B.S. in Economics and acquired an MBA from The Wharton School of Small business with a concentration in Finance.

Mr. Papp commented, “I feel that larsucosterol is an underappreciated asset that has the prospective to renovate the cure of alcohol-related hepatitis as properly as other indications. I am enthusiastic to join the DURECT group at this crucial juncture of its company enhancement.”

About DURECT Corporation 
DURECT is a biopharmaceutical organization fully commited to transforming the treatment method of acute organ injuries and continual liver health conditions by advancing novel and likely lifesaving therapies based on its endogenous epigenetic regulator software. Larsucosterol (also known as DUR-928), DURECT’s lead drug candidate, binds to and inhibits the exercise of DNA methyltransferases (DNMTs), epigenetic enzymes which are elevated and related with hypermethylation identified in alcoholic beverages-associated hepatitis (AH) clients. Larsucosterol is in scientific progress for the likely cure of AH, for which Food and drug administration has granted a Speedy Monitor Designation non-alcoholic steatohepatitis (NASH) is also currently being explored. In addition, POSIMIR® (bupivacaine answer) for infiltration use, a non-opioid analgesic employing the progressive SABER® platform technological innovation, is Fda-approved and has been exclusively certified to Innocoll Pharmaceuticals for advancement and commercialization in the United States. For more facts about DURECT, be sure to visit www.durect.com and abide by us on Twitter https://twitter.com/DURECTCorp.

DURECT Forward-Searching Assertion
This push launch has forward-looking statements that include substantial challenges and uncertainties. Ahead-wanting statements consist of, without limitation, statements concerning the scientific advancement of larsucosterol (DUR-928) for likely remedy of AH, the probable to develop larsucosterol for NASH or other indications, the anticipated commercial start of POSIMIR by Innocoll and probable long term payments we may possibly receive from Innocoll.  Actual benefits or gatherings could differ materially from the designs, intentions, expectations and projections disclosed in the ahead-on the lookout statements. Many critical aspects could lead to actual results or gatherings to vary materially, which includes, but not minimal to, the danger that the AHFIRM (Liquor-connected Hepatitis to appraise Safety and effIcacy of laRsucosterol Procedure) demo can take more time to conduct than anticipated owing to COVID-19 or other variables, the risk that ongoing and upcoming medical trials of larsucosterol do not verify the effects from before medical or pre-scientific trials, or do not exhibit the security or efficacy or the life-saving opportunity of larsucosterol in a statistically important way,  the chance that Innocoll may not commercialize POSIMIR successfully, if at all, and challenges related to our means to attain money to fund functions and charges, and other risks explained in the “Risk Things” portion of DURECT’s Quarterly Report on Variety 10-Q submitted with the Securities and Exchange Commission (SEC) on May 5, 2022,  and in other filings submitted from time to time with the SEC. DURECT does not believe any obligation to update any ahead-searching statements, other than as essential by regulation. The 10-Q and other community filings are available on our website www.durect.com under the “Buyers” tab.

Observe: POSIMIR® is a trademark of Innocoll Prescribed drugs, Ltd. in the U.S. and a trademark of DURECT Corporation outside of the U.S. SABER® is a trademark of DURECT Company. Other referenced trademarks belong to their respective homeowners. Larsucosterol (DUR-928) is an investigational drug prospect beneath enhancement and has not been permitted for commercialization by the U.S. Food items and Drug Administration or other health and fitness authorities for any sign.

 

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