SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

Form 8-K

 

Current Report

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

July 11, 2003

Date of Report

(Date of earliest event reported)

 

DURECT CORPORATION

(Exact name of Registrant as specified in its charter)

 

Delaware		000-31615		94-3297098
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

10240 Bubb Road

Cupertino, CA 95014

(Address of principal executive offices) (Zip code)

 

(408) 777-1417

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

---

Item 5.    Other Events and Required FD Disclosure

 

On July 11, 2003, DURECT Corporation, a Delaware corporation (“DURECT”) issued a press release announcing that it agreed to privately place an additional $10 million aggregate principal amount of Convertible Notes due 2008.

 

A copy of DURECT’s press release announcing the offering is attached as Exhibit 99.1 hereto and incorporated by reference herein.

 

Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits

 

(a)

Not applicable.

 

(b)

Not applicable.

 

(c)

Exhibits:

 

99.1

Press Release of DURECT Corporation dated July 11, 2003.

 

---

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

				DURECT Corporation
Date: July 11, 2003				By:		/s/    JAMES E. BROWN
						James E. Brown President and Chief Executive Officer