{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-130440","form_type":"8-K","ticker":null,"cik":"0001082038","company_name":"DURECT CORP","filed_at":"2024-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.603505+00:00","generated_at":"2026-05-29T18:36:54.733045+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"DURECT sells ALZET product line for $17.5M, pays off Oxford term loan","bullets":["Transaction valued at $17.5M; DURECT paid off all remaining Oxford Finance LLC term loan obligations.","Proceeds extend cash runway through first half of 2025; focus on larsucosterol Phase 3 trial for AH.","ALZET osmotic pumps acquired by Alzet, LLC, a subsidiary of Lafayette Instrument Co. (Branford Castle portfolio).","Transition services agreement for up to six months post-closing; Aquilo Partners acted as financial advisor."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-130440","json":"https://secwatch.observer/filing/0000950170-24-130440.json","markdown":"https://secwatch.observer/filing/0000950170-24-130440.md","text":"https://secwatch.observer/filing/0000950170-24-130440.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1082038/000095017024130440/0000950170-24-130440-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1082038/000095017024130440/drrx-20241122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T18:36:54.733045+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"57d32867f2676e642fc325f3e983cc8c354b4c10","claim":"DURECT CORP completed a disposition involving Alzet, LLC, a subsidiary of Lafayette Instrument Co. for $17,500,000 (closed 2024-11-22).","evidence_excerpt":"to potential extensions. On the Closing Date, the Company completed the transaction contemplated by the APA. Pursuant to the terms of the APA, the Purchaser paid the Company $17,500,000 subject to certain adjustments, including for net working capital. Simultaneous with this transaction, the Company has paid off all remaining obligations under the term loan","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1082038/000095017024130440/0000950170-24-130440-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Alzet, LLC, a subsidiary of Lafayette Instrument Co."},{"label":"Consideration","value":"$17,500,000"},{"label":"Closing","value":"2024-11-22"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}