Capital RequirementsWith current cash holdings of $10.5M, analysts estimate DURECT would need about $55-$60M to finance its operations through larsucosterol's Phase 3 top-line data readout.
Financial StabilityWith a current cash runway of about 4½ months, DURECT says 'everything is on the table' in terms of alternatives to raise capital.
Funding ChallengesDURECT announced that its search for funding for the registrational Phase 3 trial of larsucosterol in patients with severe alcohol-associated hepatitis (AH) is ongoing, with the study ready to initiate as soon as funding is secured.