CUPERTINO, Calif. (AP) -- Durect Corp. said Thursday the Food and Drug Administration is now reviewing its drug Posidur, and will make a decision on the post-surgery pain treatment in February.
Posidur is a single injection designed to relieve pain for up to three days after surgery. Durect said the FDA accepted its marketing application and intends to make a ruling by Feb. 12.
Shares of Durect picked up 9 cents, or 10.6 percent, to 92 cents in morning trading.
Durect also developed the painkiller Remoxy, which is designed to be harder to abuse. Pfizer Inc. has a license to Remoxy, but its efforts to get marketing approval have been delayed for years. Pfizer said in May that it may not pursue further development.