DURECT Corporation Announces Closing of LACTEL® Absorbable Polymer Product Line Sale to Evonik and Receipt of $15 Million

On January 4, 2021 DURECT Corporation (Nasdaq: DRRX) reported that the sale of the LACTEL product line to Evonik closed and the $15 million payment was received on December 31, 2020 (Press release, DURECT, JAN 4, 2021, https://investors.durect.com/news-releases/news-release-details/durect-corporation-announces-closing-lactelr-absorbable-polymer?field_nir_news_date_value[min]=2021 [SID1234573426]).

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