DURECT Corp (NASDAQ:DRRX)
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The Company is a pharmaceutical Company developing therapies for the treatment of chronic diseases and conditions with its proprietary drug formulations and delivery platform technologies.
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DRRX is going to be a winner in the short and long term. I have been following this stock for the last year or so and feel that it is at a point where it's pipeline is ripe for one of it's partners, namely KING, to come and make a buyout. I don't see it reaching double digits but I do see it as an easy $8.00 buy out candidate over the next year. I already own a fair amount of shares and continue to buy in the dips. However, if it were not bought out I would expect to see it in the double digits by this time next year. I just don't think it will get that far without someone making an offer...